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

EU Wheat Prices Drop 6% as Ukraine Discusses Shipping Protections

EU Wheat Prices Drop 6% as Ukraine Discusses Shipping Protections

US Begins Importing Iraqi Oil Through Syria

US Begins Importing Iraqi Oil Through Syria

Aramco Offers Additional Crude Cargoes Amidst Houthi Threats

Aramco Offers Additional Crude Cargoes Amidst Houthi Threats

Shipowners Pause Vessel Deliveries to Ukraine's Black Sea Ports

Shipowners Pause Vessel Deliveries to Ukraine's Black Sea Ports

Subscribe for Maritime Logistics Professional E‑News

Trump warns China and Russia against involvement in Iran War
Suicide bombing in Pakistan kills 15, including 12 soldiers, army says
Poste Italiane to develop new 70 MW data centre in AI push