Reuters was first to report that the Mexican state energy company Pemex has received a settlement worth more than $30 million from Vitol, including a $23 million cash payment, over a graft scandal that halted deals with the Swiss-based trader, documents showed.
DealsEnergy
Mexico’s Pemex, Vitol reach graft settlement worth more than $30 million
02 October 2023, 12:41 pm 1 minute
Market Impact
In return, Pemex has lifted its three-year ban on business with the world’s largest independent commodities trader, according to the settlement, the terms of which have not previously been reported.
Article Tags
Topics of Interest: DealsEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: AmericasNorth America
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
