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No economic espionage? NSA docs show US spied on Brazil oil giant Petrobras

 Brazil's biggest television network Globo TV reported that the information about the NSA spying on Petroleo Brasileiro SA came from Glenn Greenwald, the American journalist who first published secrets leaked by whistleblower Edward Snowden.

Globo TV aired slides from an NSA presentation from 2012 that revealed the agency’s ability to gain access to private networks of companies such as Petrobras and Google Inc.

One slide specified an ‘economic’ motive for spying, along with diplomatic and political reasons.

This seems to contradict a statement made by an NSA spokesman to the Washington Post on August 30, which said that the US Department of Defense “does not engage in economic espionage in any domain, including cyber.”

1 Comments in Response to

Comment by Justin Tyme
Entered on:

 Well, maybe we were just keeping tabs on our investment...

Obama Underwrites Offshore Drilling Too bad it's not in U.S. waters.

You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.


The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.


The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

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