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Montevideo, August 19th 2022 - 15:06 UTC
Brazil’s government-owned oil giant Petrobras should cede some of its drilling rights to foreign firms, Royal Dutch Shell Oil CEO Ben van Beurden was quoted saying in Estado de Sao Paulo newspaper. Read full article
Drilling rights only? Instead; should sell PB, Privatize it!
Makes perfect sense because who would do a partnership in any kind with Petrobras when that company is going to be bankrupt.
Never! The oil belongs Brasil. Not to Petrobrás or Shell.
drilling rights to foreign firms,
its argentine oil,
CFK said as much,
Argentina owns everything.
REF: The oil belongs Brazil:
But in spite of that, the Brazilians are paying absurdly high price - for the oil as well as for maintaining PB functioning.
PB [like many other govt. owned organizations & Public Companies] is a Total 100% Liability - a White Elephant - operated purposefully, for fulfilling the personal interests of the corrupt politicians.
SCANDALS [Known AND Unknown (so far)] PLUS CRISIS [political, social & economic] = DISASTER [expected but unfortunate & unnecessary]
Resources do belong to the people and the country as a whole.
Doesn't mean the government should be the only one to develop them.
Royalties and taxes should be used to harness the benefits for the country while private enterprise develops it. A big, monolithic organisation prone to corruption and inefficiencies is not benefitting Brazil.
Feb 16 Brazilian state-run lenders are considering converting part or all of their outstanding loans to Petróleo Brasileiro SA into equity in a bid to help the embattled oil producer, two sources familiar with the plan told Reuters on Tuesday.
PetroBras is going into bankruptcy.
Of course Shell wants to swoop it and buy the contracts cheap while oil is in the gutter, makes perfect sense.
What do you mean, PB is going into bankruptcy?
It's bankrupt ALREADY!
@3 BR asshole
The oil belongs Brasil. Not to Petrobrás or Shell.
Well, you got it half-right, you a.hole, but only half-right. Sure the oil belongs to Brazil, in the sense that the bulk of the revenue produced by it (not very much, nowadays), goes to Brazil, regardless of the company that extracts it........but at the moment, it is pretty obvious that PB doesn't have the necessary means (capital) to develop new oil wells..... so unless foreign companies become involved, Brazil's oil industry will go to the dogs.
@ 10 Jack Bauer
Shell are far from being stupid.
They know PB is fucked as a duck and are circling over the carcase.
PB have NOTHING but this sort of deal to entice foreign investment to get PB out of the mire long term.
Exactly.....all that PB has to sell now, is 'potential'.....
Irrespective of what PBR thinks the Brazilian government, acting in the national interest of Brazil, should resist this move.
This article gives important contextual information: http://www.brasilwire.com/snowden-wikileaks-brasil/
@ 13 Hepatia 'The Stupid One'
Assange will be in the Embassy for another 25 years!
First of all, learn how to write English correctly, you dope.
Second, the fact that the NSA spied on the fat Rouseff and PB, has nothing to do with the situation the Company and Brazil are in...it's no use trying to create falsehoods to divert attention from the real problems, which btw, is what stinking populist socialist goverments do to cover up the shit they produce.
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