En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Brazil's Petrobras teams up with CNPC to finish petrochemical Comperj unit, paper says

 


 

RIO DE JANEIRO
Petroleumworld 07 05
2017

Brazil's state-controlled oil company Petróleo Brasileiro SA has teamed up with China National Petroleum Corp to complete construction of a petrochemical compound in Rio de Janeiro that was ensnared in a massive corruption scandal, O Globo newspaper reported on Tuesday.

According to Globo, which cited a person with knowledge of the situation, finishing the Comperj project, which is located in the town of Itaborai in the state of Rio de Janeiro, could require additional investments between $3.5 billion and $4 billion.

Earlier on Tuesday, Petrobras announced talks for a strategic partnership with the Chinese company commonly known as CNPC to jointly evaluate business opportunities.

Comperj was the subject of myriad police probes in "Operation Car Wash," Brazil's worst corruption scandal which unearthed a bribe-for-contracts scheme between members of the coalition backing Brazil's former ruling Workers Party and engineering conglomerates.

Prosecutors allege that about $13 billion was spent in developing Comperj since the end of the last decade.

The media offices of Petrobras and CNPC did not have an immediate comment.


Reporting by Marta Nogueira and Alexandra Alper; Editing by Guillermo Parra-Bernal and Matthew Lewis from Reuters.

reuters
.com
07 04 2017

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.