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

Shipping Slows Through Strait of Hormuz After Tanker Attacks

Shipping Slows Through Strait of Hormuz After Tanker Attacks

Yemen's Mocha Port Halts Operations After Houthi Attacks

Yemen's Mocha Port Halts Operations After Houthi Attacks

Automation is Optimizing US Logistics

Automation is Optimizing US Logistics

Sheskharis Terminal Pauses Loadings Following Drone Attack

Sheskharis Terminal Pauses Loadings Following Drone Attack

Subscribe for Maritime Logistics Professional E‑News

Sinograin, a Chinese soybean company, announces its fourth major auction since July.
Sources: Drone attack damages Novatek's Ust-Luga processing complex for gas condensate, according to sources
Oil spillage off Oman is threatening to cause a disaster as two slicks are seen in the Gulf