Brazil's Petrobras Turns to Write-Downs, Cost Cuts as Scandal, Prices Threaten $43 Billion in Projects, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 04/19/16 -- -- Researched by Industrial Info Resources (Sugar Land, Texas) -- The news just keeps getting worse for Petróleo Brasileiro S.A. (NYSE:PBR) (Rio de Janeiro), better known as Petrobras, Brazil's state-owned that is at the heart of a rapidly growing political scandal. Earlier this week, lawmakers in the Brazilian Congress' lower house voted to impeach President Dilma Rousseff, whose administration has all but ground to a halt amid an unending stream of pay-to-play allegations related to the oil giant.
Within this article: Details on the rocky state of Petrobras, including a spate of recent and scheduled drilling projects.
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Datum: 19.04.2016 - 10:10 Uhr
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News-ID 464789
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