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Sunday, July 12, 2026

Security Life & Society

Rio Police Arrest over Forty for Extorting Petrobras Contractors, Murdering Opponents

By · July 4, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – Reuters says in its latest report that the police in Rio de Janeiro arrested 43 people on Thursday, July 4th, for allegedly taking part in a murderous gang that extorted companies providing services to state-run oil company Petrobras and established a secret cemetery where it disposed of rivals.

Rio de Janeiro police are in a “real war” against militias and drug gangs
Rio de Janeiro police are in a “real war” against militias and drug gangs. (Photo internet reproduction)
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The arrests underline the growing power of militias in and around South America’s third largest city, comprised in part of retired and off-duty police officers, who control the distribution of utilities and essential goods for millions of residents.

It also illustrates the growing threat of militias and other organized crime groups to parts of Brazil’s oil and gas sector.

Investigators said the militia monopolized the distribution of cooking gas in the hardscrabble city of Itaboraí and even extorted companies transporting workers to Petrobras’ uncompleted Comperj refinery located there.

Police said the organization frequently maimed and tortured victims, and was likely involved in a mass shooting in a bar in Itaboraí in January that killed ten people.

Brazilian president Jair Bolsonaro, who took power in January, has occasionally hailed the militias as a preferable alternative to other organized crime groups that operate in Brazil’s cities. Critics say their methods are little different than the groups they displace.

Itaboraí, a city of 240,000 located northeast of Rio proper, is home to the Comperj refinery, construction of which has stalled in recent years after Petrobras was caught up in a corruption probe.

Petrobras has booked some R$6.5 billion  (US$1.71 billion) in write-downs for overpriced works and services at the facility.

The company is in talks with China National Petroleum Corp (CNPC) to help finish the refinery and possibly give a shot of adrenaline to the beleaguered city, but negotiations have moved slowly.

Neither Petrobras nor CNPC immediately responded to a request for comment.
As of Thursday morning, police were seeking to make additional arrests, local media reported. One leader of the group, they said, had escaped by jumping out a fourth-story window.

(Source: Reuters)

Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
Rio Times · Live Ticker Intelligence
Petroleo Brasileiro Petrobras SA ADR
PETR4 · B3 São PauloEnergyOil & Gas Integrated
Share price · live
$39.65
▲ +1.12% today
Market cap
$111.6 bn
3.7 bn shares
P / E
5.5
EPS 3.14
Dividend yield
17.6%
$2.99 / share
The company
Employees
43,199
Headquarters
Rio De Janeiro
Listed since
2000

Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and…

Financial performance · FY · USD
RevenueNet income
2023
$105.5 bn
$25.7 bn
2024
$91.4 bn
$7.5 bn
2025
$88.1 bn
$19.7 bn

Net income declined to $19.7 bn in 2025, from $25.7 bn in 2023.

Valuation & returns
EBITDA margin
40.9%
Net margin
21.6%
Return on equity
25.6%
Price / book
1.29
Enterprise value
$436.9 bn
Revenue growth · YoY
+0.4%
Latest earnings
Q1 2026 — reported EPS 0.96 vs 0.99 expected
Missed −3%
Peers & comparators
IBOV
▲ +2.97%
USD/BRL
▼ -0.17%
BRENT
▼ -0.38%
Data: EODHD Fundamentals & live feed · The Rio Times Ticker Intelligence

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