India’s minister for petroleum Dharmendra Pradhan’s visits to Mexico and Colombia in May were a major part of India’s ongoing strategy to diversify its energy import basket. Not on the itinerary however was Brazil, which is home to one of the world’s largest public sector energy companies.
Petróleo Brasileiro S.A. (Petrobras), the Brazilian national oil company, is at the centre of a major corruption scandal which has been unfolding since March 2014 and sparked widespread protests across Brazil earlier this year.