Petrobras Executive Extends Leave Amid Investigation

December 5, 2014

Brazil's state-run oil company Petroleo Brasileiro SA extended a leave of absence for the head of its tanker and pipeline unit, Transpetro, for 30 more days according to a filing on Friday.

Transpetro President Sergio Machado stepped down temporarily on November 3 as police investigated a corruption scandal at the company that has delayed the release of audited earnings, implicated an array of major contractors and threatened to ensnare dozens of politicians.

(Reporting by Brad Haynes and Alberto Alerigi Jr.; Editing by Chizu Nomiyama, Reuters)

Logistics News

Don Davis Appointed as New Managing Director at OCIMF

Don Davis Appointed as New Managing Director at OCIMF

Misaligned Charter Terms Amounts to $110,000 Shipbroker Settlement

Misaligned Charter Terms Amounts to $110,000 Shipbroker Settlement

ABS Fortifies Digital, Remote Support for Offshore Energy

ABS Fortifies Digital, Remote Support for Offshore Energy

How JobMarineMan Is Building a Direct Crew Recruitment Ecosystem

How JobMarineMan Is Building a Direct Crew Recruitment Ecosystem

Subscribe for Maritime Logistics Professional E‑News

There are some flights to the Middle East that have resumed but there is still disruption.
Investors weigh U.S. Iran talks as they muzzle European shares
Authorities say 54 injured and 18 missing following explosion at Qatar LNG site