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Mexico’s Pemex resumes trading with Vitol, three years after graft scandal

By Stefanie Eschenbacher

Mexican state energy company Pemex has resumed dealing with Vitol, three sources with direct knowledge told Reuters, nearly three years since deals with the world’s largest independent energy trader were banned over a graft scandal.

The ban followed Swiss-based Vitol’s public acknowledgement in December 2020, in a deal with the U.S. Department of Justice, that it had paid kickbacks to win business with Pemex, as well as state companies in Brazil and Ecuador.

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