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Morgan Stanley sees Petrobras scandal write-offs of up to $8.1 billion

2014-11-19 20:44:43| Oil & Gas - Topix.net

Petroleo Brasileiro SA could slash the value of its assets by as much as 21 billion reais and cut dividends as a result of an ongoing investigation into alleged graft and money-laundering at Brazil's state-controlled oil producer, analysts at Morgan Stanley & Co said in a client note. ), as the company is known, under review and was reassessing earnings estimates as a consequence of the scandal.

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Brazilian federal police arrest 18 people in Petrobras corruption investigation

2014-11-17 01:00:00| Offshore Technology

Brazilian federal police have arrested 18 people in connection with its corruption investigation into state-run oil company Petrobras.

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Brazil Bribery Scandal Won't Stop Petrobras Work: Minister

2014-11-16 17:14:13| Oil & Gas - Topix.net

Arrests tied to a bribery scandal involving contracts with state-run oil producer Petroleo Brasileiro SA can't halt the company's work, Brazil Justice Minister Jose Eduardo Cardozo said. Cardozo said the government hasn't created obstacles to the investigation and rejected attempts to politicize the investigation "by those who still think we are disputing elections," without giving details.

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Police arrest 18 in Petrobras raids

2014-11-14 14:27:19| BBC News | Business | UK Edition

Brazilian police have carried out a series of raids and arrested 18 people as part of a corruption investigation into the state-run oil firm Petrobras.

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Petrobras reaches its highest historical monthly oil production in Brazil

2014-11-12 10:55:26| Green Car Congress

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