May 26, 2017 / 12:17 PM / 10 months ago

Brazil's Petrobras says to remove Carioca from blacklist

SAO PAULO, May 26 (Reuters) - Brazil’s state-controlled oil company Petróleo Brasileiro SA on Friday said it would remove engineering firm Carioca Engenharia from a list of banned contractors after both agreed on anticorruption measures.

Twenty-one contractors, including Brazil’s largest builders, have been banned from signing new contracts with state-run Petroleos Brasileiros, known as Petrobras, since late 2014 amid accusations they colluded to overcharge the oil company and used the extra funds to bribe politicians.

Reporting by Luciano Costa; Writing by Silvio Cascione; Editing by Bernadette Baum

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