Petrobras: Q3/2014 Results Only in 2015, Bans Contractors

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s oil giant, Petrobras, announced this week that it will be releasing the company’s financial results for the third quarter of 2014 in January of 2015 and that it was temporarily banning companies accused of corruption in the Operação Lava Jato (Operation Car Wash) from participating in bids for future contracts with the state-owned giant.

According to a release sent out Tuesday night, December 30th, Petrobras states that to meet the requirements of its financial contracts the company would be releasing the Subscribe to our Premium Membership Plan. Already Subscribed?