Petrobras revokes gas contract with J&F unit over corruption
6/8/2017
SAO PAULO (Reuters) — State-controlled oil company Petróleo Brasileiro SA revoked on Thursday a contract to supply natural gas to a thermal power station held by a unit of holding company J&F Investimentos due to a breach of anticorruption terms.
J&F is owned by the Batista family, who are at the center of a corruption scandal threatening President Michel Temer. Petrobras, as the oil company is known, will charge the so-called Âmbar SA unit $21.4 MM in amends over the contract breach, according to a securities filing.
Reporting by Luciano Costa and Bruno Federowski; Writing by Bruno Federowski; Editing by Chizu Nomiyama
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