Government to give generous export credit to Brazilian oil giant involved in a multibillion-dollar bribery and money-laundering scandal The UK government will provide hundreds of millions of pounds worth of financial support to Brazil’s national oil company despite it facing corruption investigations in multiple countries.
Whitehall is finalising a $500m (£330m) credit for oil giant Petrobras, a generous export finance deal designed to support the development of deepwater oil and gas projects offshore Brazil. Continue reading...
Source: theguardian.com