Exclusive: U.S. graft probes may cost Petrobras record $1.6 billion or more - source

By Jeb Blount and Mica Rosenberg RIO DE JANEIRO/NEW YORK (Reuters) - Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties ever levied by U.S. authorities in a corporate corruption investigation, according to the pe