Tag: Petrobras

• Tuesday, June 28th 2022 - 09:19 UTC

  New Petrobras CEO greenlighted pending objections

  

  Caio Mário Paes de Andrade has been approved Monday as the new CEO of Brazil's state-run oil company to replace José Mauro Coelho, who lasted merely 68 days on the job.

• Tuesday, June 21st 2022 - 09:21 UTC

  Petrobras CEO Coelho bows to pressure and resigns

  

  After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil's state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people.

• Tuesday, May 24th 2022 - 09:15 UTC

  Brazil sacks Petrobras CEO yet again

  

  Brazil's Government has replaced yet again the chairman of the state-run oil company Petrobras in which private investors also have a share.

• Wednesday, May 11th 2022 - 20:34 UTC

  Bolsonaro sacks energy minister

  

  Brazilian President Jair Bolsonaro chose to replace Energy Minister Bento Albuquerque just one day after an 8.87% increase in the price of diesel fuel at Petrobras' refineries.

• Saturday, April 9th 2022 - 08:08 UTC

  Petrobras lowers price of cooking gas

  

  Brazil's state-run Petrobras Friday announced a reduction in the price of Liquefied Petroleum Gas (LPG) sold to distributors and which is used for cooking and heating in households.

• Tuesday, April 5th 2022 - 09:36 UTC

  Bolsonaro still unable to find new Petrobras chief

  

  Brazilian Economist Adriano Pires has turned down President Jair Bolsonaro's offer to chair the state-run oil company Petrobras after dismissing General Joaquim Silva e Luna, who repeatedly adjusted the price of fuel against the head of state's recommendations.

• Tuesday, March 29th 2022 - 09:39 UTC

  Bolsonaro sacks Petrobras chief, pending approval

  

  The Brazilian Government Monday decided to sack Retired General Joaquim Silva e Luna as Petrobras CEO and appoint Economist Adriano Pires instead, after the price of fuel kept soaring, thus affecting President Jair Bolsonaro's chances of reelection.

• Thursday, March 17th 2022 - 20:53 UTC

  Increase in fuel price, a crime against Brazilians, says Bolsonaro

  

  Brazil's oil company Petrobras came under heavy criticism Wednesday from President Jair Bolsonaro, who claimed the decision to raise the price of fuel at pumps was both “absurd” and “a crime against the population.”

• Friday, March 11th 2022 - 08:41 UTC

  Petrobras increases price of fuel for distributors after 57 days

  

  Brazil's Petrobras has increased the price of refined gasoline and diesel for distributors as of March 11. The average price has gone up to R$3.86 (US$ 0.77) for regular fuel and R$4.51 (US$ 0.9) for diesel.

• Thursday, December 2nd 2021 - 09:55 UTC

  Guedes insists in privatizing Petrobras, since the world is heading for “a green and digital economy”

  

  Brazilian economy minister Paulo Guedes underlined on Wednesday that the announced privatization plan of the government (some 100 companies) must include oil giant Petrobras because the “future is green” and in not so many years time the value of crude will be zero.