Petrobras Units Could be Sold Under New CEO

Monday, November 19, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Monday that certain units of Petroleo Brasileiro could be privatized, even though the state-run company is strategic for the state.

Speaking to reporters after his team named Chicago University-trained economist Roberto Castello Branco as the next chief executive of Petrobras, Bolsonaro said its outgoing boss, Ivan Monteiro, could go to state-run Banco do Brasil, the country's largest, although no decision has been taken.


(Reporting by Rodrigo Viga Gaier Editing by Chizu Nomiyama)

Categories: Mergers & Acquisitions Industry News Government Regulations

Related Stories

Eni Agrees to Merge UK Upstream Assets with Ithaca Energy

Shearwater and Mondaic Enter Strategic Alliance to Optimize Seismic Surveys

Strohm Reels In ExxonMobil’s Third TCP Deal Offshore Guyana

Current News

Vallourec Wins ExxonMobil’s Whiptail Order Offshore Guyana

Petrobras Signs Contracts with Perenco for Sale of Two Campos Basin Fields

Equinor Upbeat About Investor Interest in US Offshore Wind Farm

GE Vernova Could Not Agree Turbines Switch on NY Wind Projects

Subscribe for OE Digital E‑News