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. […] The post Reuters reveals that Mexico’s Pemex cancels several Vitol contracts after graft scandal appeared first on Reuters News Agency.

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. 

The post Reuters reveals that Mexico’s Pemex cancels several Vitol contracts after graft scandal appeared first on Reuters News Agency.