While blocking, Odebrecht holds interest in Petrobras bids

Even after the suspension of the Odebrecht group to participate in the Petrobras bids because of their involvement in corruption case linked to the operation Wash Jet, its subsidiary Odebrecht Oil & Gas wants to return to be entitled to participate in auctions of the Brazilian state.

The Odebrecht group must submit a document of the Federal Public Ministry to Petrobras. The contents of that document would free the company to participate in bidding based on leniency agreement reached at the end of 2016.

Both the Odebrecht Industrial Engineering as the Odebrecht Oil and Gas are blocked from participating in Petrobras bids since 2014 due to the advancement of the case of corruption investigations involving Petrobras and its suppliers.

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