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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Chevron says appeals court overturned Brazil operating ban

Chevron says appeals court overturned Brazil operating ban

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Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

IO DE JANEIRO - A Brazilian appeals court overturned an injunction barring Chevron Corp, the No. 2 US oil company, from operating in Brazil, a company spokesman told Reuters on Friday.

The injunction was sought by Brazilian Federal prosecutors who have launched a lawsuit against the company and its drilling contractor, Transocean Ltd, seeking nearly US$20 billion for an offshore oil spill northeast of Rio de Janeiro in November 2011. - REUTERS

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Chevron says appeals court overturned Brazil operating ban

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