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Petrobras is one of the largest NOCs and one of the biggest trends in the oil & gas industry has been the shift in power from multinational oil companies like S
by malandrew 13y ago
Petrobras is one of the largest NOCs and one of the biggest trends in the oil & gas industry has been the shift in power from multinational oil companies like Shell and BP to national oil companies like Petrobras and Sinopec.
As you can imagine, the balance of obligation of national oil companies leans in favor of the governments which they represent over shareholders, making the pursuit of profit a lesser factor when political issues are at play.
No Petrobras has no known ties to organized crime. However if you were to ask a Brazilian citizen, they may think otherwise since we consider many of our politicians to be as corrupt as professional crime organizations. Then again, as a US permanent resident, I consider our politicians here to be as corrupt as the Brazilian ones. The Brazilian politicians steal while in office, while American politicians have institutionalized corruption by setting up a system where they get paid back indirectly after leaving office for all the favors they did while in office.
So to answer your question, some would say both the NSA and Petrobras have ties to organized crime, or, more accurately, institutionalized crime.
- wil421 13y agoSecret handshakes and back alley deals...who are the politicians really here for the "people" or the lobbyists. My own views of my Govt are getting tainted more and more each day.