Brazil: Ex-President Rousseff Acquitted in Corruption Case
That year, she approved the purchase of half of the assets held by the Belgian Astra Oil company in the Pasadena refinery for US$360 million.
A year later, Petrobras and Astra signed a new agreement, under which Brazil committed to buying the other half of the assets for US$788 million. Nestor Cervero, the then director of Petrobras, signed the document.
In 2008, Rousseff denied having endorsed that agreement, which entailed over US$1 million in government investments. Her assets were seized since the scandal began to be investigated by the Justice.
The TCU found former Petrobras presidents Jose Gabrielli, Nestor Cervero, and Paulo Costa as the only ones guilty of the purchase's irregularities.
In 2019, Petrobras sold the Pasadena refinery to Chevron due to its high debt, the corruption scandal, and the crude oil price drop.