Vitol brazil

Vitol reported higher traded volumes last year on Tuesday, cementing its position as the world's largest oil trader, and said it expected oil demand growth to peak by around 2034. It comes a Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. 9bn The Vitol Group is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Vitol acquired 50 percent of fuel distribution company Rodoil, the current leader of the sector in southern Brazil, Rodoil said in a statement on Monday. This is because it has concluded that it would not entail horizontal overlap between the activities of the companies, since they operate in different stages of the fuel distribution chain. 5 billion for its role in a massive bribes-for-contracts ring. Vitol, Glencore, Trafigura and others collectively paid at least $31 million in bribes over a six-year period to Petrobras officials to secure advantages in deals, Brazilian prosecutors said. Under the deal, the consortium will buy a 50 percent share in Petrobras Oil and Gas B. Vitol and Glencore said Trafigura said its turnover in Brazil last year was $300 million, a fraction of its overall revenue of $136 billion in 2017. The US Federal Bureau of Investigation had been investigating on trading firm, Vitol’s top two US executives, in connection with a bribery scheme linked to dealings with much-scandalized Brazilian Petroleo Brasileiro SA, at least two sources with direct knowledge regarding the issue unveiled on Wednesday, the 13th of February. 5 billion, helping the Brazilian company toward its goal of $21 billion in asset sales this year. 5 billion deal pending to purchase Petrobras’ stake in prized Nigerian oilfields. UL], Trafigura [TRAFGF. Traders investigated in Brazil on suspicions of payments to Petrobras employees. SA). July 31 (Reuters) - Energy trading company Vitol SA said on Wednesday it will acquire 50% of Brazil's Grupo Dislub Equador (GDE) for an undisclosed amount to build its downstream presence in Brazil. The US Federal Bureau of The company said it has entered into a long-term partnership with GDE, which owns the sixth largest branded service station network in Brazil, to build a leading downstream company in Northern Brazil. Petrobras has said SAO PAULO/LONDON—Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. Photo: Google Earth/ . role in a probe of foreign oil firms’ dealings with state-controlled Petrobras. Vitol head offices in Geneva. Vitol has a deal pending to purchase a stake in Petrobras' prized Nigerian oilfields. S. Home World locations Brazil. A Vitol-led consortium has a $1. The new developments also signal that Brazil's landmark Car Wash probe may be far from over. By Brad Brooks and Gary McWilliams. authorities are stepping up their involvement in the trading fraud case, the latest twist in Brazil The probe could jeopardize their current and future business in Brazil, an increasingly important global oil producer. Sectors: commodities trading, oil and gas, transport and infrastructure. RIO DE JANEIRO/SAO PAULO (Reuters) – Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on Wednesday, in a graft scheme they believe is ongoing. José Silva de Azevedo Neto, 200-Bl 02, Sala 106 - Condominio 02 Barra da Tijuca, Rio de Janeiro RJ - CEP 22. Dec 20, 2018 Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit oil trader Vitol  Today, Brazilian authorities launched a huge investigation into alleged bribery by the world's largest commodity traders, as part of the country's mammoth Car  Dec 5, 2018 Brazil's Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to  Feb 7, 2019 U. The probe marked a new phase in Operation Car Wash, an anti-corruption investigation opened in 2014 that Petrobras said on Thursday it has halted oil and refined products trading with Vitol, Trafigura and Glencore just hours after Brazilian prosecutors charged 12 people in relations to an alleged Brazil's Odebrecht SA, Latin America's largest construction firm, in 2016 cut a deal with prosecutors to pay at least $3. RIO DE JANEIRO/HOUSTON (Reuters) - The FBI is investigating energy trading firm Vitol's top two executives in the Americas in connection with a Brazil bribery The FBI is investigating energy trading firm Vitol’s top two executives in the Americas in connection with a Brazil bribery case, two sources with direct knowledge of the matter said, deepening the U. Vitol and Glencore have previously said they are cooperating with Brazil’s probe, and Trafigura has directed prior questions to a statement where it denied management had any knowledge of the Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit oil trader Vitol Group at the expense of Brazil's state-led oil firm Petroleo Brasileiro SA (PETR4. Barra da Tijuca, Rio de Janeiro RJ - CEP 22. SA) on behalf of Vitol Group [VITOLV. Vitol has shares in around six refineries worldwide, more than 5,000 petrol stations, downstream businesses in Africa, Australia, Turkey, Germany and Switzerland, some of which was acquired from Shell, and a storage business through its subsidiary Vitol Tank Terminals International. L) paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA (PETR4. -based oil trader for Brazil’s Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter. Vitol and Glencore have previously said they are cooperating with Brazil’s probe, and Trafigura has directed prior questions to a statement where it denied management had any knowledge of the Trafigura said its turnover in Brazil last year was $300 million, a fraction of its overall $136 billion in 2017. 775-056, Brazil. The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with INTERNATIONAL - Petroleo Brasileiro SA is close to announcing a sale of its stake in an African oil and gas exploration business to a group of investors led by Vitol Group, people familiar with INTERNATIONAL - A partnership led by Vitol Group agreed to buy a 50 percent stake in an African oil and natural gas exploration business from Petroleo Brasileiro SA for $1. Now the FBI is meant to be looking into Vitol's   Feb 14, 2019 Vitol, one of the world's largest independent oil traders, and two other trading firms were suspended from dealing with Petrobras after Brazilian  Feb 8, 2019 The case of New York signals that the prosecutors there are examining Vitol's US weapons and others involved by Brazilian authorities,  Feb 14, 2019 The New York case signals prosecutors there are examining the U. Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Though  Jul 31, 2019 Vitol, the world's largest independent oil trader, will acquire a controlling stake in a Brazilian petrol retailer to further build its downstream  Offices. and Switzerland to examine the activities of Glencore, Vitol and Trafigura in Brazil. trading arm of Royal Dutch Shell Plc and Brazilian producer Petrobras conspired  Jan 9, 2019 New York — A Brazilian facing allegations that he bribed officials at state-run oil company Petroleo Brasileiro on behalf of Vitol Group, Glencore  Feb 11, 2019 “We want whoever is proven to have committed a crime to be prosecuted, in Brazil or in the U. role in a probe of foreign oil firms' dealings with state A Vitol-led consortium has a $1. 5 billion deal pending to purchase Petrobras' stake in prized Nigerian oilfields. Friends in low places. K. Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. SAO PAULO/LONDON (Reuters) - Brazil's epic "Car Wash" corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. Vitol has agreed to acquire 50% of Brazilian downstream company Rodoil for an undisclosed sum. 407 billion. Join LinkedIn Summary. The consortium buying the stake is comprised of Vitol, Africa Oil, and Delonex. This is the Vitol company profile. The transaction is expected to close in the fourth quarter, Vitol said in a statement. Av. , a majority shareholder in Latvian Shipping Company (LSC), has proposed to delist and sell 200 million bearer shares of the shipping company, listed on Nasdaq Riga. Though physical trading, logistics and distribution are at the core of the business, these are complemented by refining, shipping, terminals, exploration and production, power generation, mining and retail businesses. , U. Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit oil trader Vitol Group at the expense of Brazil’s state-led oil firm Petroleo Brasileiro SA. Cadastre-se no LinkedIn hoje de graça. José Silva de Azevedo Neto, 200-Bl 02, Sala 106 - Condominio 02. A sign is pictured in front of Vitol Group trading commodities company building in Geneva. The probe could jeopardize their current and future business in Brazil, an increasingly important global oil producer. Trafigura said its turnover in Brazil last year was $300 million, a fraction of its overall revenue of $136 billion in 2017. Track elected officials, research health conditions, and find news you can use in politics RIO de Janeiro (Reuters) – Brazil prosecutors alleged on Wednesday that buying and selling giants Vitol, Trafigura and Glencore paid over $30 million in bribes to staff at state-owned oil firm Petroleo Brasileiro SA in return for enterprise. Pressure is growing on global commodity trading firms with strong ties to Switzerland for their alleged involvement in the “Car Wash” corruption scandal in Brazil. Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. Meanwhile, Berkowitz has left the rented home and moved Trafigura said its turnover in Brazil last year was $300 million, a fraction of its overall $136 billion in 2017. All content is posted anonymously by employees working at Vitol. 22 December 2018, News Wires — Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit oil trader Vitol Group at the expense of Brazil’s Brazil prosecutors alleged on Wednesday that employees at state-owned oil company Petroleo Brasileiro SA received bribes from trading giants Vitol, Trafigura and Glencore in return for business. Glassdoor gives you an inside look at what it's like to work at Vitol, including salaries, reviews, office photos, and more. The stakes are high for the trading firms. Trafigura said its turnover in Brazil last year was $300 million, a fraction of its overall $136 billion in 2017. The world’s top two commodity traders Vitol and Glencore used middlemen notorious for their role in Brazil’s mammoth ‘Car Wash’ bribery scandal, our investigation with Switzerland’s Public Eye reveals. RIO de Janeiro (Reuters) - Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Brazil`s epic "Car Wash" corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. V. 5 billion (R21. By Pedro Fonseca and Marcelo Rochabrun. SA) in return for business. Justice Department is investigating a former U. for their alleged role in a kickback scheme with officials at Petroleo Brasileiro SA to get The FBI is investigating energy trading firm Vitol's top two executives in the Americas in connection with a Brazil bribery case, two sources with direct knowledge of the matter said, deepening The Vitol Group is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Previous Location. L) and other major oil trading firms has been arrested in the United States, authorities said Tuesday. 5 billion deal pending to buy Petrobras’ stake in prized Nigerian oilfields. How would you best describe yourself? Individual Investor Institutional Investor Financial Advisor Active Trader. The new developments also signal that Brazil’s landmark Car Wash probe may be far from over. Breaking News. Federal The two executives, Miguel "Mike" Loya and Antonio Maarraoui, Vitol's U. Vitol has a deal pending to purchase a stake in Petrobras’ prized Nigerian oilfields. The brand new developments additionally sign that Brazil’s landmark Automobile Wash probe could also be removed from over. Petrobras has said Article / Nov. With a  According to Brazil prosecutors, Vitol, Trafigura, and Glencore orchestrated a USD 30-million bribe to Petrobras between 2011 and 2014 to secure more  Saiba mais sobre como é trabalhar na Vitol Group. Brazil has opened an investigation into commodity trading groups Glencore, Vitol and Trafigura over alleged bribery of employees at state-run oil company Petrobras, prosecutors said Wednesday. Jan 8, 2019 A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA on behalf of Vitol Group [VITOLV. Brazil. US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. . (Bloomberg) -- Brazil’s federal police are investigating oil trading giants Vitol, Trafigura and Glencore as part of a kickback scheme involving officials of Petroleo Brasileiro SA in the international trading of fuels. Multicultural, versatile leader with progressive, promotional 25 year career at Vitol, Puma Energy, Raizen Energia, Cosan and ExxonMobil’s subsidiaries. A Vitol-led consortium has agreed to acquire a Petrobras’ offshore fields in Nigeria for $1. Vitol said it's cooperating with Brazilian  DoJ is also meant to have launched a probe into Glencore, Trafigura and Vitol operations with Brazil's Petrobras. Track elected officials, research health conditions, and find news you can use in politics Trafigura said its turnover in Brazil last year was $300 million, a fraction of its overall revenue of $136 billion in 2017. authorities have joined Brazil's investigation into alleged bribery involving Trafigura, Vitol, Glencore among companies named by Brazil. Trafigura and Vitol, the commodity trading goliaths, have found themselves Vitol, rival oil traders in spotlight of Brazil bribery probe. Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit oil trader Vitol Group at the expense of Brazil's state-led oil firm Vital Brazil Mineiro da Campanha, known as Vital Brazil (Portuguese pronunciation: [vitaɫ bɾaziɫ]; April 28, 1865 – May 8, 1950) was a Brazilian physician, biomedical scientist and immunologist, known for the discovery of the polyvalent anti-ophidic serum used to treat bites of venomous snakes of the Crotalus, Bothrops and Elaps genera. Vitol has regional offices in Rio de Janeiro and Sao Paulo and supports livelihood programmes through the Vitol Foundation. RIO DE JANEIRO/SAO PAULO (Reuters) - Trading giants Vitol, Trafigura and Glencore (LON: GLEN) paid over $30 million in bribes to employees at state-owned A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA (PETR4. Brazil’s Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms A Vitol-led consortium has a $1. High-ranking executives in two of the world’s largest companies were complicit in vast bribery schemes to secure sweetheart oil deals in Brazil, prosecutors have said in court documents reviewed by Global Witness. Aug 1, 2019 As part of this agreement, Vitol will acquire 50% of GDE, which owns the sixth largest branded service station network in Brazil and has sales of  Apr 24, 2019 A class-action lawsuit alleges Vitol SA, Trafigura AG, the U. Vitol do Brasil Ltda. The U. Brazil prosecutors allege the Glencore (OTCPK:GLCNF, OTCPK:GLNCY), Trafigura and Vitol trading houses paid more than $30M in bribes to Petrobras (NYSE:PBR) employees in return for business, the US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. But graft allegations lodged by prosecutors last week against four of the world`s largest oil trading companies - Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group - have opened an explosive new phase in the long-running probe. The arrival of the global fuel giant Vitol to the industry in Brazil follows another major multinational to announce business in the segment in the country, Glencore, which acquired a majority Leading global oil traders Vitol [VITOLV. Brazil’s Petroleo Brasileiro SA has sold its 50% stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1. SÃO PAULO -- Brazil's sprawling Operation Car Wash corruption probe is investigating mining giant Glencore PLC, Trafigura Group and Vitol Group for allegedly paying millions of dollars in bribes to employees of Brazilian oil company Petróleo Brasileiro SA, or Petrobras, in return for better terms A partnership led by Vitol Group agreed to buy a 50 percent stake in an African oil and natural gas exploration business from Petroleo Brasileiro SA for $1. Insight: Vitol, rival oil traders in spotlight of Brazil bribery probe Graft allegations lodged by prosecutors last week against four of the world's largest oil trading companies have opened an explosive new phase in the long-running probe. , a company owning a share in oil fields offshore Nigeria. Both men are based in Houston but have not been charged yet in Brazil nor the U. arms of Vitol and others implicated by Brazilian officials, as some of those  Jun 11, 2019 All of the companies: Vitol, Trafigura, and Glencore – have been suspended from business dealings with Petrobras since Brazilian prosecutors  Dec 6, 2018 Brazilian prosecutors announced earlier this week that major oil traders Vitol, Trafigura and Glencore had paid over $30 million in bribes to  Oct 3, 2018 Vitol has decided for the acquisition of 50% of Brazilian downstream company Rodoil, to be purchased for an undisclosed sum. UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may An explosive new phase of the long-running probe has been opened by the graft allegations which were lodged by the prosecutors in the previous week against the largest oil trading companies of the world including Trafigura, Vitol SA, Mercuria Energy Group and Glencore PLC. Reuters said that the FBI’s targeting of Vitol executives was the second recent sign that U. Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore (GLEN. Federal By Brad Brooks and Gary McWilliams. Rodoil is a market leader in the southern part of Brazil with a downstream network comprising some 300 branded service stations and a distribution business supplying an additional 1,400 plus service stations through its network of 10 terminals. Vitol SA, Trafigura The probe could jeopardize their current and future business in Brazil, an increasingly important global oil producer. head and head for Latin America and the Caribbean, respectively, are under investigation, according to anonymous sources speaking to Reuters. ”. UL], Glencore (GLEN. Federal Glencore and Vitol would not provide revenue details, but said Brazil was a minor market. Commodity traders Glencore, Trafigura and Vitol are under investigation on suspicion of paying bribes to employees Trafigura said its turnover in Brazil last year was $300 million, a fraction of its overall revenue of $136 billion in 2017. In November, Global Witness called on the U. Av. 8, 2018. Vitol, Glencore and Trafigura feature in report by campaign group Global Federal prosecutors allege the European multinationals and some smaller players collectively paid at least $31 million in bribes over a six-year period to employees at Brazil's state-led oil company Petrobras to sell them oil at sweetheart prices. Vitol Group’s purchase of Rodoil shares has been approved by CADE (Administrative Council for Economic Defense), without restrictions. The proposal is set to be discussed at the extraordinary shareholder meeting scheduled for December 20, 2017. The new developments also signal that Brazil’s landmark Car Wash probe may be Algeria’s state-run energy producer Sonatrach signed an agreement with oil-trading Vitol Group to ship crude to Italy to be processed and sent back as refined products, in the first deal of its Oil trading firms with ties to UK named in Brazil's Car Wash corruption scandal This article is more than 8 months old. 775-056, Brazil Vitol has regional offices in Rio de Janeiro and Sao Paulo and supports livelihood programmes through the Vitol Foundation. Brazil’s federal police are investigating oil trading giants Vitol SA, Trafigura AG and Glencore Ltd. Vitol Netherlands B. RIO de Janeiro (Reuters) – Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. RIO DE JANEIRO/SAO PAULO—Trading giants Vitol, Trafigura, and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA, Brazil prosecutors said on RIO DE JANEIRO/HOUSTON (Reuters) - The FBI is investigating energy trading firm Vitol's top two executives in the Americas in connection with a Brazil bribery case, two sources with direct knowledge of the matter said, deepening the U. The new developments also signal that Brazil’s landmark Car Wash probe may be Brazil’s Operation Car Wash corruption probe is investigating Glencore, Trafigura and Vitol for allegedly paying millions of dollars in bribes to Petrobras employees in return for better terms A Vitol-led consortium has a $1. Veja quem você conhece na Vitol Group, aproveite sua rede  Nov 15, 2016 Vitol Switzerland. Glencore, Vitol and Trafigura, all of which have strong ties to London, are the subject of the next phase of the Car Wash investigation, according to federal authorities in Brazil. vitol brazil

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