Why Did Norway’s Sovereign Fund Put Petrobras on Watch?
Posted on 01/28/2016
Brazil’s state-controlled oil company Petroleo Brasileiro SA (Petrobras) is navigating a tough year, fighting off a sprawling corruption investigation, while battling low oil prices. The oil giant also bears an onerous debt load. The company’s CEO Aldemir Bendine is looking to reduce managers in non-operational units by 30%. The corruption scandal has taken a toll […]
- Brazil
- BTG Pactual
- corruption
- Energy
- Norway
- Norway Government Pension Fund Global
- Odebrecht
- Oil
- Petrobras
- SOE