Part 3/8:
Muckerman elaborates on the corruption troubles plaguing Petrobras, particularly the infamous "carwash scandal" that has been under investigation since 2014. The scandal involves government-mandated vendor relationships where companies overcharge Petrobras for supplies and equipment. Since Petrobras is majority state-owned, it is compelled to use local vendors and sell oil at subsidized prices domestically, creating a strained financial situation.