July 6, 2018 / 2:02 PM / 3 months ago

Brazil court blocks $892.7 mln from SBM related to Petrobras contracts

SAO PAULO, July 6 (Reuters) - A Brazilian federal court ruled that state-run oil company Petroleo Brasileiro SA can subtract $892.7 million it owes in future fees to Dutch group SBM to cover fines and damages it has been ordered to pay Petrobras for its role in a graft scheme, according to a written statement prosecutors released on Friday.

Under a lawsuit filed against companies in the Dutch group, federal prosecutors calculated losses incurred by Petrobras under the scheme amounted to $303 million. (Reporting by Ana Mano 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