According to the professor and engineer, Petrobras is experiencing a huge devaluation, something similar to what happened at the beginning of the oil crisis in Nigeria
The Professor claims that the mass disinvestment process by the market leader Petrobras is one of the main causes of the process he calls “nigerization”, where brazil could become the new Nigeria. But watch out! “Some sectors that criticize Petrobras' new business model are statist ideological and do not match the interest of the state-owned company and Brazil, says Prof. Cleveland M. Jones” . Read the review of this article here.
Professor affirms that we are living a process of
The discussion of the theme does not refer to treating Nigeria with disdain, but to approach the theme with a more in-depth view of the country that exports crude oil together with Petrobras.
The sale of Petrobras assets that were previously called divestments have a full contribution to what we call here the “Nigerization” process, all asset sales end up transforming Brazil into a new Nigeria.
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Divestments by Petrobras
The professor states 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 slicing and criminal dismantling of Petrobras, which is being sold at a time of low, now what is left for the Brazilians are only the ready-made units, otherwise controlled by foreign companies.
Things that used to be up to Petrobras are now being delivered by default, all discoveries sold at a bargain price.
Jobs in Brazil are taken as the new owners take over
The new owners of the assets that previously belonged to Petrobras began to employ people of their nationalities as they purchased new equipment.
To end his speech, the professor states that Brazilians prefer to return to colony status, which would be a kind of county or protectorate, and adds: that it would be much better for Petrobras to stay, but nothing can be done now and what remains it is to expect a process of nigerization or better saying “Brazilianization”.
Will Brazil return to colony status?
The professor suggests that we are experiencing a process of decolonization, divestments, foreign companies taking over important assets that previously generated jobs and quality of life for Brazilians, which in the future will be taken over by people of different nationalities.
Given the process of “Nigerization” as the professor states, he sums up that the Brazilian market, not only for oil and gas, already had the chance to become a great power, but that in the future everything that was invested and discovered for centuries can go water down.
