OGJ NEWSLETTER

Sweeping political and economic forces are battering South America's two biggest state petroleum companies. In addition to being hit by a spreading oil workers' strike (see story, p. 28), Brazil's Petrobras is about to be hit with an audit of its operations. Aepet, the association of Petrobras engineers, has asked Brazil's federal accounting tribunal to audit the state company to determine why it is in a financial crisis.

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