MercoPress, en Español
Get our news on your inbox! Suscribe x
Montevideo, November 14th 2018 - 13:22 UTC
Brazilian oil workers union local responsible for the bulk of the country's oil and gas output told its members on Tuesday to abandon Petrobras vessels operating in the Campos Basin, Brazil's most productive oil district. Read full article
Hey Brasso, thought this strike would make no difference!
Very good. You thought correctly.
The rest is the old anti-BRICS conspiracy made by the West.
@2 BRasshole (terrorist with shit for brains)
No difference ?? it will just worsen PB's financial situation and investment capacity.......only solution ? privatization !!
@ 3 Jack Bauer
You really would have to have 'shit for brains' to take any part of that privatisation.
It looks more and more likely that Petrobras will go bankrupt and be sold off piecemeal in my opinion (can't say 'judgement' as I am no longer in the industry).
Believe it or not, after it was more than 51% privatized (in 2001), through massive investments by hundreds of thousands of workers, who were allowed to invest upto 50% of the balance in their individual retirement accounts in the PB Privatization Funds, the company took off, enjoying a relatively successful period. In 2007, when Lula , through a dirty accounting gimmick, which resulted in it returning to State control - for obvious reasons - and without the Federal government forking out 1 cent (which translated into nearly half of the intended capital investment never entering the company), it started going downhill, to the point where it is now. Whether sold off eventually, piecemeal or otherwise, to the private sector, and reappearing under the same or a different name, there is only one, but an enormous obstacle .....the Brazilian Government - and the more radical unions - will never agree with what they consider a strategic industry, 'vital” to national security (???) being 100% in private hands. It's all this nationalistic rhetoric, which is just a load of bs. But even a 51% share returning to the private sector would be a good start, not to mention that its monopoly would have to be broken..
Commenting for this story is now closed.If you have a Facebook account, become a fan and comment on our Facebook Page!
Get our news on your inbox!