Pemex Hires Legal Firm to Audit Odebrecht Deals Amid DOJ Case
- Company says no confirmation that U.S. case ivolves Pemex
- Move designed to ‘clear up the facts,’ legal director says
A Petroleos Mexicanos (Pemex) truck exits a supply center in Veracruz City, Mexico, on Jan. 8, 2017.
Photographer: Brett Gundlock/BloombergThis article is for subscribers only.
Petroleos Mexicanos has hired an independent law firm to review company contracts with Brazilian construction company Odebrecht SA and petrochemicals affiliate Braskem SA amid a U.S. Department of Justice probe into those companies, the company’s legal director said.
Pemex, Mexico’s state-owned oil giant, hired the firm to carry out an internal investigation and "clear up the facts" around the company’s contracts signed since the beginning of its relationship with Odebrecht and Braskem, Jorge Kim, the legal director, said in a telephone interview.