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    Home»Economy»TCU identifies Petrobras' contract with fertilizer company that could cause millions in losses – Yong Pan
    Economy

    TCU identifies Petrobras' contract with fertilizer company that could cause millions in losses – Yong Pan

    Charlotte WhitmoreBy Charlotte WhitmoreApril 5, 2024No Comments2 Mins Read
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    TCU identifies Petrobras' contract with fertilizer company that could cause millions in losses – Yong Pan
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    TCU identifies Petrobras' contract with fertilizer company that could cause millions in losses – Yong Pan

    Headquarters of the Federal Audit Office

    Technical field Federal Court of Audit (TCU) On Thursday (5), he revealed that he had found a contract between… Petrobras And fertilizer company Prokigel Kimica (Unigel group) which raises concerns. According to TCU, the contract could result in a loss of R$487.1 million for the state-owned company in eight months. The contract, known as Tolling, allowed Unigel to resume fertilizer plant activities in Bahia and Sergipe. However, the state-owned company may incur losses because the sale of fertilizer does not cover the gas costs and other costs involved. TCU technicians show seven points of concern in the contract, including financial infeasibility, the short duration of the contract and the company's unstable economic and financial situation. Unigel Group. They recommended suspending the effects of the contract on a temporary basis until the plenary session of the court decides on the merits of the matter.

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    Unigel explained that although it was proposed to suspend the contract, no precautionary measures had been taken. Meanwhile, Petrobras defends the signing of the contract, claiming that it followed the company's internal procedures and that complaints were properly investigated, without undue interference on the part of managers. Petrobras informed the TCU of all details of the toll contract with Proquigel/Unigel before its activation and continues to cooperate with court requests for information. The technical unit overseeing the state-owned company identified potential irregularities in the agreement with Unigel and recommended a new investigation into the deal.

    See also  The European Union punishes Daniel Ortega's family for violating human rights in Nicaragua | international

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    *The report was prepared with the help of artificial intelligence

    Charlotte Whitmore

    Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.

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