Keyword: petrobras

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  • Operation Car Wash: Is this the biggest corruption scandal in history? (Petrobras in Brazil)

    06/05/2017 10:51:36 PM PDT · by texas booster · 24 replies
    The Guardian UK ^ | June 1, 2017 | Jonathan Watts
    On 14 January 2015, police agent Newton Ishii was waiting in Rio de Janeiro’s Galeão airport to meet the midnight flight from London. His mission was simple. A former executive of Brazil’s national oil company, Petrobras, was on the plane. Ishii was to arrest him as soon as he set foot in Brazil and take him for questioning by detectives. No big deal, the veteran cop thought as he ticked off the hours in the shabby Terminal One lounge. This was just one of many anti-bribery operations he had worked on. Usually they made a few headlines, then faded away,...
  • Brazil Ex-President Lula To Be Tried For Corruption As Country's Politics Come Full Circle

    09/20/2016 4:23:48 PM PDT · by jcon40 · 5 replies
    Forbes.com ^ | Sept 20. 2016 | Shannon Sims
    The news out of Brazil today might have been unimaginable 10 years ago, back when he thrilled crowds across Brazil with his promise of a different kind of future. It might have been unimaginable 5 years ago. It might even have been unimaginable 5 months ago. But this is 2016 Brazil, and these days the tables of power can turn quickly. So it goes for Brazil’s former president Luiz Inacio da Silva, known as Lula, the man who was once the popular and charismatic leader of a new political movement in Brazil, founded on the premise of raising the country’s...
  • Brazil prosecutors file corruption charges against Lula (Petrobras & embezzlement allegations)

    09/14/2016 7:35:25 PM PDT · by NormsRevenge · 6 replies
    AFP on Yahoo ^ | 9/14/16 | Damian Wroclavsky
    Brasília (AFP) - Federal prosecutors in Brazil filed corruption charges Wednesday against former president Luiz Inacio Lula da Silva, describing the popular leftist as leader of a massive embezzlement ring at state oil company Petrobras. The charges allege that Lula received the equivalent of 3.7 million reais ($1.1 million) in bribes. Among the allegations are that Lula and his wife received a beachside apartment and upgrades to the property from a major construction company, OAS, which was one of the players in the Petrobras scheme. The allegations are not new but they now go before Judge Sergio Moro, head of...
  • Impeachment About to Succeed in Brazil

    Impeachment winning 169 to 46 against in Brazil 342 needed to water the tree of liberty!!!
  • Brazil's Lula to stand trial for obstruction of justice: court

    07/29/2016 7:18:26 PM PDT · by NormsRevenge · 10 replies
    Yahoo News ^ | 7/28/16 | Reuters
    SAO PAULO (Reuters) - Brazil's former President Luiz Inacio Lula da Silva and the former chief executive of investment bank Grupo BTG Pactual SA will stand trial for obstruction of justice, documents from a federal court in Brasilia showed on Friday. Lula was previously under investigation in various jurisdictions in a sprawling corruption probe focused on state-run oil company Petroleo Brasileiro SA (Petrobras) but is now officially a defendant. The case dates to last November, when former Senator Delcidio do Amaral and Andre Esteves, the founder and former CEO of BTG Pactual, were arrested for allegedly trying to stop a...
  • Brazil tumbles like 'House of Cards' in crisis

    03/19/2016 3:43:38 PM PDT · by Lorianne · 15 replies
    BBC News ^ | 17 March 2016 | Daniel Gallas
    The plot to Brazil's political crisis has become so complicated that even makers of political drama 'House of Cards' joke they are now following events. There is even an online quiz where one has to guess: did it happen in Brazil or in House of Cards, or both? But this is no laughing matter in Brazil. This is the country's toughest political crisis since the early 1990s, when its first democratically-elected President in the modern era, Fernando Collor, was removed from power. On Wednesday night the crisis took a bizarre turn, as a judge revealed phone conversations between President Dilma...
  • Protesters storm Brazilian capital after bugged phone call goes public.....

    03/17/2016 6:24:05 AM PDT · by Red Badger · 21 replies
    www.dailymail.co.uk ^ | Updated: 08:08 EST, 17 March 2016 | By Matt Hunter
    Rest of title: ...which reveals President gave senior government position to her predecessor so he could avoid arrest over corruption President Rousseff appointed Luiz Inacio Lula da Silva as her chief of staff She is battling impeachment attempt, recession and oil corruption scandal Judge heading oil probe orders phone call between pair to be made public Call seems to confirm Lula's job spared him possible arrest for corruption Protests have erupted in Brazil's capital after a recorded phone call between President Dilma Rousseff and her once-popular predecessor was released, suggesting that she appointed him to her cabinet to spare him...
  • Brazil Police Arrest Government Senate Leader

    11/25/2015 9:12:46 AM PST · by Citizen Zed · 2 replies
    abc news ^ | 11-25-2015 | ADRIANA GOMEZ LICON, AP
    Brazilian police Wednesday arrested the government's leader in the Senate for allegedly obstructing the investigation into a corruption scandal at state-owned oil company Petrobras. Supreme Court Justice Teori Zavascki authorized the arrest of Sen. Delcidio do Amaral of the ruling Worker's Party after examining evidence allegedly showing that the senator had interfered in the investigation of the massive corruption-kickback schemed at the oil company. Under Brazilian law, the Supreme Court must approve any investigation of legislators or top officials in the executive branch. Any criminal charges or trials of such figures must also must be approved and judged by the...
  • Worst Petrobras strike in 20 years hurts Brazil oil output

    11/05/2015 5:17:41 AM PST · by thackney · 7 replies
    Reuters ^ | Nov 4, 2015 | Jeb Blount
    A four-day strike at Petrobras gathered steam on Wednesday, cutting crude and natural gas output from the No. 2 South American oil producer and threatening to become the most disruptive walkout at the state-run oil company in 20 years. On Wednesday, Petroleo Brasileiro SA, as Petrobras is formally known, said in a securities filing late Wednesday that oil output in Brazil was about 140,000 barrels a day, or 6.5 percent below pre-strike levels of about 2.1 million barrels a day. Using contingency plans management restored production that was cut by as much as 273,000 barrels a day, or 13 percent...
  • Petrobras Oil Scandal Leaves Brazilians Lamenting a Lost Dream

    08/07/2015 10:49:46 PM PDT · by Brad from Tennessee · 8 replies
    New York Times ^ | August 7, 2015 | By DAVID SEGAL
    Alberto Youssef, a convicted money launderer and former bon vivant, sat in a Brazilian jail cell in March of last year, getting ready to tell his lawyers a story. It was about an elaborate bribery scheme involving Petrobras, the government-controlled oil giant. He opened with a dire prediction. “Guys,” Mr. Youssef said, “if I speak, the republic is going to fall.” To those lawyers, Tracy Reinaldet and Adriano Bretas, who recently recounted the conversation, this sounded a tad melodramatic. But then Mr. Youssef took a piece of paper and started writing the names of participants in what would soon become...
  • Petrobras chief and other senior executives resign (corruption scandal)

    02/04/2015 8:22:33 AM PST · by NormsRevenge · 14 replies
    BBC News | 2/4/15 | BBC
    The head of Brazil's state-run oil giant Petrobras and five senior executives have resigned in the wake of a huge corruption scandal. Maria das Graças Foster's departure follows the arrest and testimony of some three dozen executives at Petrobras and many of its suppliers. The board of Petrobras is due to meet on Friday to elect new executives. The scandal involves alleged price-fixing, bribes and kickbacks, which implicates Brazil's ruling party. Prosecutors have uncovered around $800m in bribes and other illegal funds. More than 200 businesses are being investigated and more than 80 people, including three former executives from Petrobras,...
  • Brazil oil auction: Lone bid wins exploration rights

    10/22/2013 5:48:28 PM PDT · by haffast · 1 replies
    BBC ^ | 21 October 2013 Last updated at 17:01 ET | BBC
    The rights to explore Brazil's biggest oilfield have been won at an auction by a consortium led by Brazil's state-run Petrobras, backed by Total, Shell and Chinese firms. The group made the only bid in the auction, offering the minimum share of the surplus production. The Rio de Janeiro beachfront hotel, where the auction took place, was guarded by 1,100 security personnel. Earlier, striking oil workers opposed to the contest clashed with police. Eleven companies had expressed interest in the Libra oilfield, but the Spanish Repsol pulled out on Monday, leaving the five winners as the only ones to present...
  • U.S. government spied on Brazil's Petrobras oil firm: Globo TV

    09/08/2013 3:40:41 PM PDT · by sheikdetailfeather · 16 replies
    Reuters ^ | 9-8-2013 | SAO PAULO
    SAO PAULO | Sun Sep 8, 2013 12:06pm EDT (Reuters) - The U.S. government allegedly spied on Brazilian state-run oil company Petroleo Brasileiro SA, known as Petrobras, according to the web site of Globo, Brazil's biggest television network. The network, which a week ago aired a report alleging that the U.S. National Security Agency intercepted communications by the presidents of Brazil and Mexico, said its information again came from Glenn Greenwald, an American activist who has worked with fugitive former NSA analyst Edward Snowden to expose the extent of U.S. spying at home and abroad. Promotional teasers from the network...
  • Kerry Has Investments in Companies Accused of Violating Iran Sanctions

    12/21/2012 10:50:39 AM PST · by Sub-Driver · 22 replies
    Kerry Has Investments in Companies Accused of Violating Iran Sanctions Daniel Halper December 21, 2012 12:59 PM John Kerry, who will be nominated later today to be the next secretary of state, is the richest member of the U.S. Senate. His estimated net worth is, at minimum, $198.65 million, according to disclosure forms. Kerry's disclosure forms also reveal that he has invested in companies accused of doing business with Iran. One of the companies Kerry is invested in is called Petroleo Brasileiro SA Petrobras (Petrobras), it's a Brazilian-based oil and gas corporation. Disclosure forms reveal that Kerry has between $150,000...
  • Highway bill is worth billions to companies owned by Soros, Pickens, Douglas

    03/13/2012 10:19:07 AM PDT · by mgist · 17 replies · 1+ views
    Human Events ^ | 03/13/2012 | by S. E. Robinson
    George Soros, T. Boone Pickens, Kevin G. Douglas and companies under their control stand to reap the rewards of billions of taxpayer dollars in subsidies contained in a Democratic-sponsored measure set for a vote this week. The legislation, authored by Sen. Robert Menendez (D-N.J.), would amend the much-ballyhooed highway bill to include the New Alternative Transportation to Give Americans Solutions act, or NATGAS act. The act would provide subsidies for individuals, corporations and public entities that purchase natural gas vehicles or build natural gas distribution facilities. The act would subsidize three different enterprises controlled by Soros, Pickens and Douglas, who...
  • Pemex's woes may clear way for Brazil to help

    04/02/2008 11:28:28 AM PDT · by thackney · 3 replies · 47+ views
    Houston Chronicle ^ | April 1, 2008 | THOMAS BLACK and ANDRES R. MARTINEZ
    Mexico's leader sees potential in progress of Petrobras Guillermo Najera, a 42-year-old machine operator at Mexican state-controlled oil company Petróleos Mexicanos, gets paid to do nothing all day. Pemex management can't fire the union worker or transfer him from the ammonia plant in Ciudad Camargo, where he still shows up for work even though the plant stopped production in 2002. "We don't have anything else to do except keep our areas clean," Najera says as he and dozens of other idle workers enter the gates of the plant for the 7 a.m. shift. "I want to go back to work."...
  • Billionaire Buffett's Bakken Boom

    11/17/2011 10:26:11 AM PST · by kbobdelux · 14 replies
    Investor's Business Daily ^ | 11/16/2011 07:02 PM ET | Andrew Malcolm
    Energy Policy: Killing the Keystone XL pipeline may help one of the world's richest men get richer. North Dakota's booming oil fields will now grow more dependent on a railroad the president's economic guru just bought. Stop us if you see a pattern here. About the time George Soros — Hungarian billionaire and key donor to leftist groups and the Democratic Party — invested heavily in the stock of the state-run Brazilian oil company Petrobras, President Obama was curbing U.S. offshore oil production and the U.S. Export-Import Bank announced a $2 billion loan to Petrobras to finance deep-water drilling off...
  • Firm backed by billionaire Soros says Polish shale gas more profitable than US [ Soros fracks! ]

    09/20/2011 12:10:01 PM PDT · by NoLibZone · 20 replies · 1+ views
    star-telegram.com ^ | Spet 20 2011 | star-telegram.com
    San Leon Energy Plc, the natural gas explorer backed by billionaire George Soros and Blackrock Inc., expects its Polish shale licenses to be more profitable than U.S. gas deposits, the company's exploration director said. Read more: http://blogs.star-telegram.com/barnett_shale/2011/09/firm-backed-by-billionaire-george-soros-says-polish-shale-gas-to-be-more-profitable-than-us-.html#ixzz1YWNZWYM2
  • The Quiet Revolution: Latin America Moving Away from Washington’s Influence

    08/02/2011 11:46:01 AM PDT · by bananaman22 · 1 replies
    OilPrice.com ^ | 01/08/2011 | John Daly
    Perhaps the biggest foreign-policy story of the past decade, thoroughly overlooked by the American media after 9/11 and its subsequent monomaniacal focus on terrorism, security and the wars in Iraq and Afghanistan, is the fact that Latin America has essentially moved away from Washington's influence. This quiet revolution from below, in rejecting the Monroe Doctrine, first enunciated in 1823 whereby the U.S. essentially barred European powers from influence in Latin America, has essentially for nearly 200 years served as an ideological platform for countless U.S. interventions south of the border but has yet to register on the radar the politicians...
  • A Bill To Make Soros Richer

    06/14/2011 4:43:35 PM PDT · by Kaslin · 9 replies
    IBD Editorials ^ | June 14, 2011 | Staff
    Rules: A bill encouraging the use of natural-gas-powered vehicles will give the EPA authority to regulate greenhouse gases while rewarding the Democratic left's patron saint. We like natural gas. It's the cleanest-burning fossil fuel, the U.S. has lots of it and, thanks to technologies such as hydraulic fracturing (aka "fracking"), we can get even more of it from the vast shale formations that dot the country. Others like it, too, which is why a bill floating through Congress, the New Alternative Transportation to Give Americans Solutions Act of 2011 (HR 1380), or Nat Gas Act, has seen a number of...