On April 26, 2019, the Mexican Secretary of Public Administration (Secretaría de la Función Pública) announced the debarment of two affiliates of Odebrecht S.A., Odebrecht Ingeniería y Construcción Internacional de México, S. A. de C. V. (“OICIM”) and Construtora Norberto Odebrecht, S. A. (“CNO”), from participation in contracts with the Mexican federal government for a period of three years. The announcement followed an administrative sanctions proceeding conducted by the Liabilities Unit of Pemex Industrial Transformation, a subsidiary of the state-owned Petroleos Mexicanos (“Pemex”). The prohibition applies to all institutions of the federal public service and state-owned enterprises. OICIM was debarred for providing false information and failing to go through proper channels in relation to a contract modification. CNO was sanctioned for overcharging Pemex Refinación, the state-owned oil refinery.
Form 20-F (Pemex)