Petrobras strives to rebuild its image

In the process of restructuring post corruption scandals involving Petrobras, the state is now dedicated to recovering its reputation in the oil and gas market, mainly abroad. This week, for the first time since 2015 during Operation Lava Jato, the company participated in a meeting, as an observer of the PACI (Partnering Against Corruption Initiative), an anti-bribery program carried out by the FEM (World Economic Forum), which gathers the Largest companies on the planet.

According to Petrobras ' director of governance and compliance, Rafael Gomes, the oil company is reinforcing the "compliance" (complying with the rules and regulations) to prevent, detect and remedy corruption cases within the airline. "The house is in order," Gomes said in an interview with Valor Economico newspaper. The Director also stated that "Unfortunately, the speed with which a reputation is lost is not the same to recover it."

Petrobras plans to re-join the World Economic Forum in the future. According to the company, the participation of the State in the FEM has not been renewed, in common agreement, since 2015, after the allegations of corruption and irregularities of Lava Jato involve the company.

Initiatives
Last year, the state led a pact of integrity of the oil and gas industry in Brazil, which brings together 14 companies, such as Total, Shell, BP, Equinor and Repsol. Thus, since the second semester of 2018, Petrobras is committed to recovering its lost reputation in the P&G market, presenting anti-corruption initiatives and exchanging experiences with international companies and bodies.

In this line, in partnership with IBP (Brazilian Institute of Petroleum, Gas and biofuels), Petrobras will hold the World Compliance Conference in December in Rio de Janeiro. The main theme of the conference is to raise the debate against corruption in the market, both in the oil and gas industry, as well as in other sectors, and to discuss specific risks of each segment. The expectation is that the event receives more than 300 companies and 1,200 participants.

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