Petrobras scandal, Brazilian political corruption scandal beginning in 2014 that involved the indictment of dozens of high-level businesspeople and politicians as part of a widespread investigation alleging that many millions of dollars had been kicked back to officials of Petrobras, Brazil’s huge majority-state-owned oil company, and to politicians especially members of the ruling Workers’ Party (Partido dos Trabalhadores; PT) of Pres. Dilma Rousseff by prominent Brazilian corporations in return for contracts with Petrobras. The malfeasance was revealed by a federal investigation begun in 2014 under the code name Lava Jato (“Car Wash”). The massive scheme to defraud Petrobras Brazil’s largest enterprise and a
Brazil could become a world leader in the production of green hydrogen, and the northeastern state of Ceará has anticipated this future role by making the port of Pecém, with its export processing z
It’s been a busy 18 months for Colombia’s Conexión Pacífico 2 highway PPP with the addition of a new shareholder, completion of construction – and financial close of the second stage of a combined $470 million dual-currency refinancing
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