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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.
P
◆ Live Company Intelligence
Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$119.87B
Market cap
Analyst target $22.03

Wall Street view

4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.03  ·  +31% vs 200-day

Valuation & profitability

Market cap$119.87B
Revenue (TTM)$548.49B
P / E ratio4.8
Profit margin24.3%
Return on equity30.3%

Price & risk

52-wk low
$10.65
52-wk high
$21.44
Beta (volatility)-0.22
200-day average$16.79

Revenue trend · 6y

20202025
Latest $88.10B

Ownership

Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds

Dividend

Yield19.2%
Payout ratio28.3%
Fwd. annual$1.69
What Petroleo Brasileiro Petrobras does. 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 Production segment explores, develops, and produces…
Data: RT fundamentals (PBR.US) · figures in USD · as of 26 Aug 2026More company intelligence →

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