EnergyWatch

Petrobras enters billion-dollar settlement in US case

Brazilian oil company Petrobras has agreed to settle in a US case, in which several investors accused the company of inflicting losses on them in connection with a huge corruption scandal. The settlement is worth billions of US dollars.

Photo: /ritzau/AP/Leo Correa

Brazilian oil company Petrobras has entered a settlement worth billions of US dollar in a US case, reports Reuters.

The case is connected to the comprehensive corruption scandal involving the state-owned oil company which has played out over the past few years.

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