Brazil: Bolsonaro Removes Albuquerque as Mines and Energy Minister

Reuters
Wednesday, May 11, 2022

Brazilian President Jair Bolsonaro removed Bento Albuquerque from his role as mines and energy minister early on Wednesday, according to an announcement in an official gazette, and Economy Ministry official Adolfo Sachsida will replace him.

Albuquerque, an admiral in the Brazilian navy, had been Bolsonaro's mines and energy minister since the first day of his administration in January 2019.

The move comes after Bolsonaro mentioned Albuquerque last Thursday during a livestream on social media while urging state-run oil company Petrobras not to hike fuel prices again. Read full story

But Petroleo Brasileiro SA - as the company is formally known - announced on Monday it was raising refinery gate diesel prices by 8.9% to track rising international diesel prices amid tighter global supply.

Albuquerque's replacement Sachsida has also been part of Bolsonaro's government since January 2019, when he was tapped by Economy Minister Paulo Guedes as economic policy secretary - a job he left earlier this year to become senior strategic advisor at the ministry.

Sachsida said in a post on Twitter the new role will be the biggest challenge of his career.

"I thank President Bolsonaro for his trust, Minister Guedes for his support and Minister Bento for his work for Brazil ... With a lot of work and dedication, I hope to be up to this challenge," he said.

Sachsida holds a doctorate in economics from the University of Brasilia and has previously taught the subject at the University of Texas-Pan American in Edinburg, Texas.

(Reuters/Reporting by Lisandra Paraguassu in Brasilia, Gabriel Araujo, Steven Grattan and Leticia Fucuchima in Sao Paulo; Editing by Mark Heinrich and Bernadette Baum)

Categories: People South America People & Company News

Related Stories

Noble Scoops $1.3B in Drilling Contracts, Enters Norway's Floater Market

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Galp Focuses on Growing Upstream in Brazil, Namibia

Current News

Denmark, Germany Agree to Proceed with Bornholm Energy Island Wind Project

BP in Trinidad and Tobago Interested in Cross-Border Opportunities with Venezuela

BOEM Invites Public Input on Potential Offshore Oil Leasing Areas in California

European North Sea Investment Pact to Mobilize $1.17T for Offshore Wind

Subscribe for OE Digital E‑News