Petroleo Brasileiro Petrobras SA (NYSE:PBR) in alleged spying activity storm

Posted by sara Frank September 10, 2013 0 Comment 654 views


Late on Monday, Petroleo Brasileiro Petrobras SA (NYSE:PBR), Brazil’s state-operated oil company said that all its computer-networks are duly safeguarded against any kind of spying activities. This announcement came amidst reports that PBR was allegedly targeted by the United States National security Agency.

In a statement, the company said that they use highly-qualified systems that are constantly updated to protect the company’s internal network. Late on Sunday, Fantastico, the Globo television program featured what it said were few NSA slides that were a part of some secret training-demonstration about hacking private computer-networks. These slides featured PBR, Swift and Google.

Many allegations

This particular report cited some documents that had been revealed by Edward Snowden, the NSA contractor. These allegations are the most recent in the series involving Brazil. This had led to a great deal of strain between the country and the United States. Dilma Rousseff, Brazil’s President asked President Obama about this alleged spying right on the side tracks of the G20 meeting. She has also threatened to cancel her October visit to the United States.

President vouches for company

In a statement, President Rousseff said that in the event that the allegations get confirmed, the motive for this spying is strategic and economic interests and not combating terrorism and safety. Ms Rousseff said there is no doubt about the fact that
Petroleo Brasileiro Petrobras SA (NYSE:PBR) poses absolutely no threat to the security of any nation. She went on to say that the company represents one of the world’s largest oil assets as well as the heritage of the people of Brazil.

Monday’s trading

In Monday’s trading session, Petroleo Brasileiro Petrobras SA (NYSE:PBR) stock rose by 4.09%. The opening price of the shares was $14.92 which touched an intraday high of $15.31 and closed at $15.27. Approximately 18.07M shares were traded on Monday while the average volume of PBR shares traded over a 30 day period was 99.59B.


About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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