Brazil’s President Bolsonaro announces new Petrobras’ CEO; Decision Challenged
Brazil’s president Jair Bolsonaro announced last week Adriano Pires, founder of consulting firm Centro Brasileiro de Infraestrutura (CBIE), as the new candidate to replace Joaquim Silva e Luna as Petrobras’ chief executive officer. The announcement came after...
Petrobras Reports Highest Profits on Record
Brazil’s Petrobras reported record high annual profits of BRL 106.7bn ($21.3bn) for 2021, way over analyst estimates of BRL 74.3bn ($14.8bn), boosted by one-off items including asset disposals and impairment revisions, excluding which recurring net income stood...
Petrobras and Novonor cancel stake sale in Braskem
Brazil’s state-owned oil company Petrobras and Novonor (formerly Odebrecht) cancelled in “mutual agreement” its plans to sell its stake in Braskem. The announcement came after both companies declared that potential buyers did not meet expectations, without...
