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According to the Professor and Engineer, Petrobras is experiencing a significant devaluation, something similar to what occurred at the beginning of the oil crisis in Nigeria
The Professor states that the mass divestment process of the market leader Petrobras is one of the main causes of what he calls “nigerization,” where Brazil could become the new Nigeria. But be careful! “Some sectors that criticize Petrobras’s new business model are ideologically statist and do not align with the interests of the state-owned company and Brazil,” says Prof. Cleveland M. Jones.” Read the critique of this article here.
Professor States That We Are Experiencing a Process of
The discussion of the topic does not refer to treating Nigeria with contempt but rather addressing the theme with a deeper view regarding the country that exports crude oil alongside Petrobras.
The sale of Petrobras’s assets, which were previously called divestments, contributes entirely to what we refer to as the “nigerization” process; all asset sales end up transforming Brazil into a new Nigeria.
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Petrobras Divestments
The professor asserts that we can observe that one of the main factors that influenced and continue to influence Brazil to become the next Nigeria was the mass divestments of the market leader Petrobras.
The fragmentation and criminal dismantling of Petrobras, which are being sold at a low time, now what remains for Brazilians are only the ready units, which are now controlled by foreign companies.
Things that used to belong to Petrobras are now being given away; all discoveries sold for a pittance.
Jobs in Brazil Are Taken Up as New Owners Take Over
The new owners of the assets that once belonged to Petrobras have started employing people of their nationalities as they buy new equipment.
To conclude his remarks, the professor states that Brazilians prefer to return to a colonial status, which would be a sort of county or protectorate, adding that it would be much better if Petrobras stayed, but nothing can be done now, and what remains is to wait for a process of nigerization or rather “brazilianization.”
Will Brazil Return to a Colonial Status?
The professor implies that we are experiencing a process of decolonization, divestment, with foreign companies taking over important assets that previously generated jobs and quality of life for Brazilians, which will be taken over by people of different nationalities in the future.
Given the process of “nigerization,” as the professor asserts, he summarizes that the Brazilian market not only for oil and gas had the chance to become a great power, but that everything that has been invested and discovered for centuries could go down the drain in the future.
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