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Petrobras preliminary antitrust probe extended by Brazil's CADE for the fifth time

By Henrique Santiago ( November 29, 2024, 01:20 GMT | Insight) -- A preliminary antitrust probe into allegations of anticompetitive practices in the natural-gas market by state-controlled oil giant Petróleo Brasileiro, trading as Petrobras, has been extended by Brazil’s competition watchdog by 60 days — the fifth such extension. The investigative arm of the Administrative Council for Economic Defense said it required more time to analyze the documentation it had gathered so far, with responses to queries from Usina Elétrica a Gás de Araucária, Âmbar Energia, Delta Energia and Eletrobras Furnas.A preliminary antitrust probe into allegations of anticompetitive practices in the natural-gas market by state-controlled oil giant Petróleo Brasileiro, trading as Petrobras, has been extended by Brazil’s competition watchdog by 60 days — the fifth such extension....

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