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18 June 2015, Latinvex

The Rise and Fall of Petrobras

Ambassador Viswanathan, Distinguished Fellow, Latin America Studies- Gateway House, has written a case study of the Brazilian oil giant, Petrobras. This article has been republished by Latinvex

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Petrobras, which rose to become the fourth largest company in the world, is now battling a serious corruption scandal that has left its reputation in tatters. How did this global oil major scale such heights spectacularly and then fall so low?

Petróleo Brasileiro S.A. (Petrobras), the Brazilian national oil company, is at the center of a major corruption scandal which has been unfolding since March 2014 and sparked widespread protests across Brazil earlier this year.

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