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Exclusive: Ecuador weighs suit against Vitol in wake of graft revelations, sources say

4 Min Read QUITO/RIO DE JANEIRO (Reuters) - Ecuadorian state-run oil company Petroecuador is weighing a lawsuit against Vitol after the world’s largest oil trader admitted last week to bribing officials in the South American country, according to two sources with direct knowledge of the matter. FILE PHOTO: A worker pumps fuel into a car at a Petroecuador gas station in Quito April 2, 2012. REUTERS/Gary Granja/File Photo Petroecuador is working with the nation’s attorney general to assess how much the Vitol-led graft scheme cost the company, and will likely bring a suit against the trading firm to recoup those damages, said the people, who requested anonymity to discuss private matters.

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