Mexico to Investigate Vitol Bribe Allegations, President Obrador Says

Geneva-based Swiss company Vitol, run out of London, trades some 8 million barrels of oil a day.

RIO DE JANEIRO,BRAZIL - Mexican President Andres Manuel Lopez Obrador said on Thursday his government will investigate allegations bribes were paid by the U.S. subsidiary of the world’s largest independent oil trader Vitol to state oil firm Petroleos Mexicanos (Pemex).

Lopez Obrador, speaking at a news conference, said the accusations by the U.S. Justice Department related to bribes allegedly paid to Pemex employees in exchange for multi-million dollar contracts.

“It’s under investigation and . . .

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