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

Brazil’s Petrobras Targets Rapid Start-Up at Sudoeste de Tartaruga Verde

Petrobras and Shell Raise Stakes in Brazil’s Atapu and Mero Pre-Salt Fields

DNV Boosts Offshore Wind and Renewables Team

Current News

Bloomberg News Reports Shell is Looking for a Buyer for Brazilian Oilfield Cluster

Shell is in advanced discussions to buy LLOG Exploration, say sources. The deal will cost more than $3 billion.

ESG Completes Service Operation Vessel Conversion for HOS

Orbital Marine Power Secures $9.31m Investment

Subscribe for OE Digital E‑News