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

UK’s Portland Port Expands Services with LNG Transfer Capability

UK’s Portland Port Expands Services with LNG Transfer Capability

Golden Pass Texas Facility Ready for Inaugural LNG Export

Golden Pass Texas Facility Ready for Inaugural LNG Export

Singapore, Los Angeles and Long Beach Renew Green Corridor Agreement

Singapore, Los Angeles and Long Beach Renew Green Corridor Agreement

Chile to US Fruit Trade Down

Chile to US Fruit Trade Down

Subscribe for Maritime Logistics Professional E‑News

Poste Italiane fined more than 12.5 Million Euros by Italy's privacy watchdog
US low-cost airliners seek temporary tax relief in response to soaring fuel prices
Airline cancels flights due to Middle East conflict