Petrobras

Exclusive: Few foreign bids expected for Petrobras $1 billion natgas project

(Reuters) – Taking aim at local corruption, Brazil is trying to get competition among global players to build a $1 billion natural gas plant, but the number of foreign bids will be smaller than anticipated due to more stringent requirements, sources said.

Brazil’s state oil company Petroleo Brasileiro SA excluded large local engineering firms implicated in a devastating corruption scandal from bidding on the project meant to be a model of clean contracting.

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Categories: Petrobras

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