Petrobras CEO: C-Suite Managers May Have to Resign

December 17, 2014

Senior management at Brazil's state-run oil company Petroleo Brasileiro SA may have to resign to avoid further delays of the company's audited third-quarter earnings report, Chief Executive Maria das Graças Foster said on Wednesday.

Foster said President Dilma Rousseff had not accepted her offer to step down in the midst of an investigation into an alleged corruption scheme involving the company, contractors and the ruling political coalition.


Reporting by Jeb Blount and Marta Nogueira

Logistics News

Port of Oakland Moves 174,239 TEUs in November as Exports Increase

Port of Oakland Moves 174,239 TEUs in November as Exports Increase

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

Oil Loading in Venezuela Crawls After New US Interceptions

Oil Loading in Venezuela Crawls After New US Interceptions

FMC Investigates Spain’s Restrictive Port Practices

FMC Investigates Spain’s Restrictive Port Practices

Subscribe for Maritime Logistics Professional E‑News

Serbia's NIS receives US approval for sale of Russian stake
Bangladeshi leader expected to be next Prime Minister returning from exile before polls
Onley, a Scottish cyclist, signs with INEOS Grenadiers