Brazil's Petrobras agrees to pay 1.4 bln reais for 2000 oil leak - Reuters

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The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo

SAO PAULO, Oct 8 (Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) said on Friday it has agreed to pay 1.4 billion reais ($254 million) to settle three civil suits relating to the leak of an oil pipeline in southern Brazil in 2000.

Petroleo Brasileiro SA, as the company is formally known, said it would pay the amount in four quarterly payments.

($1 = 5.5115 reais)

Reporting by Stephen Eisenhammer Editing by Chris Reese

Our Standards: The Thomson Reuters Trust Principles.

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Brazil's Petrobras agrees to pay 1.4 bln reais for 2000 oil leak - Reuters
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