by Marcus Vinicius Tenente Ahmar Although its stocks are negotiated in the international markets, Petrobras is a Brazilian oil company mostly owned by the Brazilian Treasury. The company was founded in 1953 by former president Getulio Vargas to provide the government with oil production security.[i] Oil security would assure the country’s industrial progress in a complex… Read More From National Pride to International Take-Down
A culture of corruption and a weak judicial system hinder Petrobras probe by Enrique Xavier López In Giant—George Stevens’ 1956 Hollywood blockbuster—oil tycoon Jett Rink, played by 24-year-old James Dean, is a man blinded by greed and corruption. In this classic rise-and-fall story, Rink is able to extend his wealth and influence beyond the oil business,… Read More Despite protests and widespread scrutiny, Brazil continues to face ‘giant’ dilemma
by Tina Evaristo The disclosure last year of what was apparently just a bad business done by Petrobras – the Brazilian semi-public oil company – evolved and became one of the biggest corruption scandal to hit the country after the reinstatement of democracy in 1988. The Brazilian Supreme Court has authorized the investigation of more… Read More Petrobras: a tail of dirty politics, heavy corruption and an absent Board of Directors
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