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Montevideo, September 29th 2023 - 21:02 UTC

Tag: Aldemir Bendine

  • Friday, September 27th 2019 - 09:55 UTC

    Brazil Supreme Court ruling could overturn corruption convictions

    The ruling stems from an habeas corpus requested by a former employee at state-controlled oil company Petrobras and may be used to annul corruption sentences.

    Brazilian Supreme Court justices approved late on Thursday a ruling that may overturn corruption convictions in the country's largest-ever corruption probe. The majority of the Supreme Court ruled that defendants mentioned in plea deals by witnesses also accused of corruption should have the right to defend themselves after testimony of the whistleblower - the right to address the court last.

  • Thursday, May 5th 2016 - 11:27 UTC

    Petrobras sells stakes in Argentina and Chile, part of major divestment plan

    Petrobras sold to Pampa Energia the 67.19% stake in PESA, but excludes two major gas formations in Neuquén (Argentina) and Bolivia

    Brazil’s state-run oil firm Petrobras said it has concluded the sale of its 67.2% stake in Petrobras Argentina to Argentina’s Pampa Energía for US$ 892 million, according to a securities filing. Petrobras also sold all of Petrobras Chile Distribución to Southern Cross Group for about US$ 490 million as part of its divestment program, the company said.

  • Saturday, December 12th 2015 - 06:56 UTC

    Petrobras not selling any stake of its giant Libra offshore oil prospect

    Petrobras is offering investors the chance to buy oil fields, refineries and other properties in an effort to cut debt by selling $15.1bn of assets by the end of 2016.

    Petrobras, is not considering selling a 10% stake in its giant Libra offshore oil prospect at this time, Brazil's state-run oil company said on Friday. Petrobras was responding to a report on Tuesday that industry sources had been told by the company that the Libra stake was on offer.

  • Saturday, August 8th 2015 - 10:42 UTC

    Petrobras profits plunge 89% in 2Q; underperforming assets dumped

    Petrobras' quarterly profit fell to 531 million Real ($150.4 million) from 4.96 billion Real a year ago, the company said in a securities filing on Thursday.

    Brazilian state-led oil company Petrobras said its second-quarter net income plunged 89% after a one-time charge for underperforming assets that caught analysts off guard. The 1.28-billion-real charge was taken as Petrobras' new executives and board of directors try to control the company's $132 billion debt, the oil-industry's largest, by preparing up to $15bn of assets for sale by the end of 2016.

  • Tuesday, May 5th 2015 - 06:41 UTC

    Brazil's Vale CEO becomes chairman of Petrobras board of directors

    The appointment of Murilo Ferreira takes place just one week after Petrobras recorded an impairment charge of 15 billion dollars (44.6 billion Real).

    The CEO of Vale SA Murilo Ferreira was voted Chairman of the Board of Directors at Petroleo Brasileiro Petrobras SA (ADR). The Rio de Janeiro-based oil corporation is the most indebted energy company in the world, and is battling to get its way around one of the biggest corruption and bribery scandal that has surrounded the company since October last year.

  • Thursday, April 23rd 2015 - 07:09 UTC

    Petrobras reveals extent of its losses because of corruption and mismanagement

    CEO Bendine said, “we have made our best efforts to turn the page on this sad chapter that the company has passed through.”

    Brazil's state-run oil giant Petrobras which has been bashed by a wide-spread corruption scandal, reported on Wednesday a 2014 net loss of 21.6 billion Reais (7.2 billion dollars) after taking 50.8 billion Reais in charges.

  • Wednesday, April 22nd 2015 - 06:35 UTC

    Petrobras receives financial support from China and local banks

    The deals announced include a 1.48bn export-credit note with Banco do Brasil, where current Petrobras CEO Aldemir Bendine worked before

    Brazilian state-run oil company Petrobras approved a series of financial agreements with local and international banks that will meet its financing needs in 2015, the company announced. In a filing with local stock regulators, Petrobras said that the deals will provide the company with access to about 6.2 billion dollars, including a 3.5bn financing contract reached with China Development Bank on April 1.

  • Thursday, February 12th 2015 - 05:55 UTC

    Petrobras CEO says he has 'full autonomy' in fuel-price policy and cash flow

    Bendine said no decision had been taken on whether Petrobras will book 88.6 billion Reais (31 billion) of potential asset write-downs in its unaudited 3Q

    The new chief executive officer of Brazil's Petrobras said that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruption scandal.

  • Thursday, February 12th 2015 - 05:45 UTC

    Petrobras has trouble finding an independent chairman of the board

    Barbosa's name for chairman of the board comes after Finance minister Joaquim Levy resisted taking the post

    Petrobras plans to publish its delayed audited fourth-quarter results by the end of March, something it needs to do to avoid possible early repayment of its bonds, the Globo newspaper said on Wednesday. Globo also published that the Brazilian government was considering appointing Planning minister Nelson Barbosa as chairman of the oil giant.

  • Friday, February 6th 2015 - 23:27 UTC

    Market reacts negatively to Petrobras new CEO: too political and too close to Rousseff

    Bendine, 51, is currently the chief executive of state-controlled Banco do Brasil and has no declared party militancy

    Shares in Brazil's oil giant Petrobras plunged Friday as banking executive Aldemir Bendine, who is seen as too close to President Dilma Rousseff's party, was named the scandal-hit firm's new chief executive.