The Mission of Petrobras

Written by Paulo Nogueira

Published on 16/01/2022 at 17:12

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In the past, Petrobras’ main mission was to keep Brazilian territory supplied with oil derivatives. Recently, due to the company’s use as a fiscal policy instrument, holding back its prices to curb inflation, it was condemned by a lawsuit filed by minority shareholders for mismanagement, which ended with a settlement that cost Petrobras billions of Reais and nearly imprisoned the directors of the Brazilian state-owned enterprise.

The Mission Changed to “Achieve a Profitability Compatible with the Sector”.

When selling a commodity in an importing market, the selling price must be equal to the cost of importing, as an alternative for the buyer. The director who fails to do this risks imprisonment, but they have no alternatives and prefer to take the risk.

At the same time, some “authorities” celebrate record oil exports, even though Brazil is the largest importer of oil derivatives in the world, much more expensive than oil, among those with sufficient oil production.

ARTICLE CONTINUES BELOW

The Mission of Petrobras

There Are Doubts Whether Petrobras Has Social Obligations or If It Is a Company That Only Aims for Profit. Opinion by Luiz Henrique Sanches

The Mission Changed to “Achieve a Profitability Compatible with the Sector”.

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The Mission of Petrobras

There Are Doubts Whether Petrobras Has Social Obligations or If It Is a Company That Only Aims for Profit. Opinion by Luiz Henrique Sanches

The Mission Changed to “Achieve a Profitability Compatible with the Sector”.

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

On the Greek island of Ithaca, archaeologists have found what may be a sanctuary dedicated to the legendary Odysseus, with inscriptions bearing his name and votive offerings that span from the Mycenaean to the Hellenistic era.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Spain surprises the world by erecting 62 artificial dunes, mixing sand with natural remains of posidonia, and causing the structure to lose only 1.4% of its volume in 1 year.

After two years of internal discussions, Paraguay has finally regulated the law that opens the country to foreign technology and service companies with tax incentives that promise to create thousands of jobs and change the economy.

Map reveals how the Earth may look in 250 million years: continents will reunite in the Last Pangaea, 92% of the planet could become uninhabitable for mammals, and Spain appears among the rare possible exceptions.

Why fighter pilots never return after ejecting: the seat launches the body at 600 km/h in 1 second, compresses the spine, reduces G tolerance, and leads to medical disqualification, not punishment.

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They seemed like common bones, but scientists were surprised to find a relic over 12,000 years old that dates back to before the Bronze Age.

The factory shows how PHC piles and precast tubes are made; steel turns into a welded cage, high-strength concrete enters the mold, spins in centrifugation, cures in steam, and is ready in hours.

With an almost perfect ring of 70 km visible from space, known as the “Eye of Quebec” and over 100 km in length, the Manicouagan Crater in Canada reveals the colossal mark left by a giant asteroid and has become one of the most impressive formations ever identified on the Earth’s surface.

A 68-year-old pizza delivery driver went off route to buy a soda that was missing from a visually impaired customer’s order, refused an extra tip, and now Dan Simpson has over R$ 546,000 in donations from people around the world who want to ensure he can retire peacefully on April 30.

Scientists have found in China dinosaur embryos dating back 190 million years in various stages of development, and the discovery still preserves traces of extremely rare proteins in the bones, something that could change what is known about life before hatching.