June 8, 2017 / 12:04 PM / a year ago

Petrobras revokes gas contract with J&F unit over corruption

SAO PAULO, June 8 (Reuters) - State-controlled oil company Petróleo Brasileiro SA revoked on Thursday a contract to supply natural gas to a thermal power station held by a unit of holding company J&F Investimentos due to a breach of anticorruption terms.

J&F is owned by the Batista family, who are at the center of a corruption scandal threatening President Michel Temer. Petrobras, as the oil company is known, will charge the so-called Âmbar SA unit 70 million reais ($21.4 million) in amends over the contract breach, according to a securities filing.

$1 = 3.27 reais Reporting by Luciano Costa and Bruno Federowski; Writing by Bruno Federowski; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below