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

Port of Virginia Advances Capacity with Addition of ULCV Berth

Port of Virginia Advances Capacity with Addition of ULCV Berth

American Great Lakes Ports Launch Study to Expand Cargo Shipments

American Great Lakes Ports Launch Study to Expand Cargo Shipments

US Approves License for Texas Deepwater Oil Export Port

US Approves License for Texas Deepwater Oil Export Port

Zelim Appoints Mike Collier as Sales Director

Zelim Appoints Mike Collier as Sales Director

Subscribe for Maritime Logistics Professional E‑News

ESAB will buy Canadian testing equipment manufacturer Eddyfi from Canada for $1.45 billion
Nigeria charges nine people with the 2025 massacre which killed 150
Protesters block truck traffic at Cargill's facility in Northern Brazil