Brazil’s Petrobras Defends Invitation of Over 30 Foreign Companies

According to the oil giant, Brazil’s largest engineering companies are barred from bidding on petrochemical complex due to involvement in Lava Jato scandal.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Petrobras, the oil giant of Brazil, took to its website on Monday (January 23rd) to refute criticism that it is favoring foreign companies over national companies in the bidding process for the pre-salt natural gas processing unit in the Rio de Janeiro Petrochemical Complex (COMPERJ). Over thirty foreign companies were invited to participate in the bid, triggering a negative reaction in the sector.

“The employment generated by these companies is as necessary and as welcome as any other. The willingness of the private sector to invest helps the country . . .

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