Mexico’s Oil Firm Resumes Trading With Vitol After 2020 Bribery Scandal ...Middle East

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Mexico’s state-held oil giant Pemex has resumed trade with Vitol Group three years after the world's largest oil trading firm admitted to bribing officials and two years after Mexico banned the trader from business dealings with Pemex, anonymous sources familiar with the new deals have told Reuters. Vitol has been accused of corruption by U.S. and Mexican authorities. The company has agreed to settle bribery allegations for the U.S., Mexico, and Brazil, and has agreed to pay $164 million in fines and disgorgement by the DOJ…

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