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The new developments also signal that Brazil's landmark Car Wash probe may be far 2018-12-05 Petrobras receives 232.6m reais in Vitol corruption settlement. Wed, Dec 30, 2020 - 10:53 AM. Brazilian state-run oil company Petrobras said that it had received 232.6 million reais (S$59.1 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe. Vitol’s Americas division has been in focus as part of the Brazilian “Carwash” investigations. A former Petrobras oil trader who went by the code name “Phil Collins” told a Brazilian judge last year he received bribes from the trading house to favor the firm in Vitol pays $160 million to settle Petrobras related fraud case. Vitol is the world's largest independent trader of oil, shifting eight million barrels of oil products a day. Dutra paid up to 12,000 reais in cash a month to a Petrobras employee named Ricardo Brandao for information on Petrobras strategy and pricing that would give Vitol an advantage over competitors 2019-11-23 · Carlos Roberto Martins Barbosa said he collected payoffs between 2003 and 2005 to steer fuel oil contracts to Vitol with Petrobras, as the state-controlled company is known, and give Vitol more In the bribery case, Vitol admitted that its employees and agents paid about $8m of bribes to officials at Petrobras, Brazil’s state-owned energy company, between 2005 and 2014, including to Petrobras said on Thursday it has halted oil and refined products trading with Vitol, Trafigura and Glencore just hours after Brazilian prosecutors charged 12 people in relations to an alleged 2020-12-08 · That meant Vitol could bid for Petrobras’s oil products at exactly the price that it knew would win.

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Saturday, November 23rd 2019 - 09:33 UTC. Full article. Petrobras said that it has recovered 4.8 billion reais in settlements and compensation related to the Car Wash investigation to date. Earlier this month, Vitol's U.S. subsidiary agreed to pay $164 million to resolve U.S. government probes into alleged bribes the company paid in Brazil and other countries to boost its oil trading business. 2019-11-25 · Ex-Petrobras Trader Tells Judge Vitol Bribed Him ENERGY ANALYTICS INSTITUTE (EAI) 25/11/2019 30/11/2019 (Bloomberg, Sabrina Valle and Andy Hoffman, 25.Nov.2019) — A former Petroleo Brasileiro SA oil trader who went by the code name “Phil Collins” told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show. Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe. According to a Reuters article , Petroleo Brasileiro – Petrobras as it is formally known – said in a securities filing that the settlement was brokered as part of a leniency deal between Vitol and federal 2019-11-25 · A former Petrobras oil trader told a Brazilian judge he received bribes from Vitol Group to favor the firm in contracts with the crude producer, court documents show. Ett Vitol-lett konsortium som inkluderar Africa Oil meddelar att man förvärvar brasilianska Petrobras andel på 50 procent i nigerianska offshore-tillgångar.

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Ett Vitol-lett konsortium, som även inkluderar Africa Oil, meddelar i ett pressmeddelande att  Petroleo Brasileiro S.A. – PETROBRAS. BR. Urval storföretag Petrobras Global Finance B.V..

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Earlier this month, Vitol's U.S. subsidiary agreed to pay $164 million to resolve U.S. government probes into alleged bribes the company paid in Brazil and other countries to boost its oil trading business. 2019-11-24 2019-11-23 2019-11-25 2020-12-08 Eventually, Vitol and Petrobras agreed a price at $16 above WTI, the final invoice shows. Prosecutors allege this bargain price was only achieved through bribery. On 6th June, Ljungberg sent Vitol … Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe. According to a Reuters article , Petroleo Brasileiro – Petrobras as it is formally known – said in a securities filing that the settlement was brokered as part of a leniency deal between Vitol and federal A middleman in a graft scheme at Brazilian state oil company Petrobras has implicated the chairman of global energy trading firm Vitol in a bribery operation to obtain oil contracts, as well as The first was that Vitol paid bribes in violation of the FCPA in exchange for receiving confidential Petróleo Brasileiro SA (Petrobras) pricing and competitor information. During the 2011 to 2014 time period, the company admitted that it bribed at least five other Petrobras officials in exchange for receiving confidential pricing information that Vitol used to win fuel oil contracts with Vitol concealed the scheme through the use of intermediaries and a fictitious company that facilitated the payments to offshore accounts and, ultimately, to the Petrobras officials.

Vitol’s Americas division has been in focus as part of the Brazilian “Carwash” investigations.
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Wed, Dec 30, 2020 - 10:53 AM. Brazilian state-run oil company Petrobras said that it had received 232.6 million reais (S$59.1 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe. Vitol’s Americas division has been in focus as part of the Brazilian “Carwash” investigations. A former Petrobras oil trader who went by the code name “Phil Collins” told a Brazilian judge last year he received bribes from the trading house to favor the firm in Vitol pays $160 million to settle Petrobras related fraud case. Vitol is the world's largest independent trader of oil, shifting eight million barrels of oil products a day.
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2020-12-04 Carlos Roberto Martins Barbosa said he collected payoffs between 2003 and 2005 to steer fuel oil contracts to Vitol with Petrobras, as the state-controlled company is known, and give Vitol more 2019-11-25 Vitol looks forward to growing and investing in Nigeria.” Africa Oil CEO Keith Hill commented, “We are very pleased to be able to join Vitol and Delonex in acquiring an interest in these established, low unit cost, producing assets, with additional appraisal and development upside, that are operated by some of the best companies in the industry. 2019-11-02 Plans by Petrobras, Vitol Investment Partnership 11, which leads a consortium buying the assets has 50 percent stake, while each of Africa Oil and Delonex Energy has 25 percent. Brazil's state-run oil firm Petrobras has lifted its ban on trading with major commodity traders Vitol, Trafigura and Glencore , in place since Brazilian prosecutors announced a bribery probe in 2018, the company told Reuters. "After a temporary suspension period with the companies cited, the company re-initiated business after adopting and perfecting a series of specific A Vitol-led consortium of Africa Oil and Delonex agreed exactly a year ago to buy Petrobras' 50% stake in Netherlands-based Petrobras Oil and Gas B.V. (POGBV). The Nigerian deal includes the large deepwater Agbami field, which is part of Chevron-operated OML 27 and currently producers 250,000 b/d, along with OML 130, which consists of the Akpo and Egina fields.

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“Vitol” means Vitol  CEO gets $47MM bonus. (WaPo)Petrobras receives $45MM from with Vitol. (Reuters)Learn more about your ad choices. Visit megaphone.fm/adchoices. om 50 procent i brasilianska Petrobras Oil and Gas B.V (POGBV). skulle Africa Oil tillsammans med Vitol och Delonex köpa Petrobras  Vitol ska ha betalat 5 miljoner dollar till Ljungbergs bolag Encom Trading SA och Celixore AB för att säkra kontrakt med Petrobras. De menar  Ledande oljehandelsföretag som nederländsk–schweiziska Vitol och till anställda inom det brasilianska statligt ägda oljebolaget Petrobras,  Enligt de ursprungliga planerna skulle Africa Oil tillsammans med Vitol och Delonex köpa Petrobras andel om 50 procent i ägarbolaget till de  Vitol Investment Partnership II Ltd. ("Vitol") to acquire an ownership interest in Petrobras Oil and Gas B.V. ("POGBV").

Petrobras said a month ago it is selling its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by Vitol for $1.53 billion as the state-controlled oil company A Vitol-led consortium has a $1.5 billion deal pending to purchase Petrobras' stake in prized Nigerian oilfields. The new developments also signal that Brazil's landmark Car Wash probe may be far 2018-12-05 Petrobras receives 232.6m reais in Vitol corruption settlement.