Reuters reveals that Mexico's Pemex cancels several Vitol contracts after graft scandal - Reuters News Agency
Business & FinanceDealsEnergy

Reuters reveals that Mexico’s Pemex cancels several Vitol contracts after graft scandal

Reuters broke the news that Mexican state oil company Pemex has canceled three contracts with Vitol, the latest fallout from a U.S. bribery case involving the world’s largest independent energy trader. Pemex documents and a Reuters source said the reason for the cancellation was Vitol’s public acknowledgement in December that it paid kickbacks to win business with the Mexican state oil company, as well as state companies in Brazil and Ecuador. 

Article Tags
Topics of Interest: Business & FinanceDealsEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: Americas
Countries: Mexico
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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