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Petrobras execs get huge fine in refinery buy case

ABraziliancourtWednesdayorderedtwoformerPetrobrasofficialstopayfinestotalingmorethan$80millionforgrosslymishandlingthepurchaseofaTexasrefinery.Brazil'sCourtofAc

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Brazil's former finance minister under investigation in anti-corruption drive

​Brazil's former Finance Minister Guido Mantega was arrested Thursday morning in connection with an ongoing investigation into a large corruption scheme at state oil giant Petrobras, but was released hours later due to his wife's illness.

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Second minister in new Brazil government quits

The anti-corruption minister in Brazil's interim government has resigned, after a recording suggested he tried to derail an investigation into the state oil company, Petrobras.

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Brazilian speaker, ex-president charged for corruption

The Brazilian general prosecutor formally lay corruption charges against the speaker of the lower house, Eduardo Cunha, and former President Fernando Collor de Mello.

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Former director of Brazil's oil giant found guilty of money laundering

Brazil's Supreme Court on Wednesday found the former director of supply in Brazil's state oil giant Petrobras guilty of money laundering and racketeering.

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3 dead, 10 injured in blast at Petrobras platform in Brazil

At least three people were killed, 10 injured and six missing in an explosion at a platform of Brazil's state oil giant Petrobras in the southeast of the country, the company said on Wednesday.

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Brazil's opposition urges outster of Petrobras CEO amid corruption scandal

Opposition leaders in Brazil on Friday called for replacement of Petrobras CEO Graca Foster in the wake of a major corruption scandal hitting the state-run oil and gas giant.

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Brazil's Petrobras creates compliance division to fight corruption

Brazil's state-owned oil and gas giant Petrobras announced Tuesday that it would set up a new governance, risk and compliance directorship to deal with its involvement in a corruption scheme.

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18 arrested in Brazil in Petrobras corruption case

Brazil on Friday arrested at least 18 people linked with a corruption scheme of state oil giant Petrobras, the federal police said.

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Brazil's ruling party denies involvement in bribery scandal

The ruling Brazilian Workers' Party (PT) on Thursday denied the alleged involvement in a bribery scheme related to state-controlled oil and gas giant Petrobras.

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Brazilian presidential candidate denies plan to stop exploring pre-salt oil deposits

Presidential candidate of the Brazilian Socialist Party, Marina Silva, on Thursday denied that she would stop exploring Brazil's extensive pre-salt oil reserves if elected.

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Brazil's oil giant highlights its data security following espionage reports

Brazilian state-controlled oil and gas giant Petrobras on Monday evening issued a statement on the possible surveillance of its networks by U.S. National Security Agency (NSA), saying it has highly secure, updated systems to protect its internal network.