The Mission of Petrobras

Written by Paulo Nogueira

Published on 16/01/2022 at 17:12

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

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.

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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”.

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

New Honda City with a hybrid engine of up to 126 hp features a sporty RS look, 10-inch screen, 360° camera, new wheels, and a price equivalent to R$ 129,000 before the official debut in Brazil in August.

No automatic car: Renault Niagara 2027 will have a manual version for work, 1.3 turbo flex engine with up to 163 hp, 4×4 options, EDC transmission in the expensive versions, six airbags, and ADAS package to compete with Fiat Toro in Brazil.

China ceases to be just the “world’s factory” and achieves a record surplus of US$ 1.5 trillion while dominating batteries, electric cars, and solar energy, expanding strategic competition with the US and accelerating the transformation of the global economy.

Pelé’s favorite beach has ‘medicinal powers’ and was once prescribed by doctors in the 20th century; located between channels 4 and 5 of Santos, its waters were used to treat skin and nervous system diseases.

On the coast of Guyana, neighboring Brazil, ExxonMobil has begun drilling oil wells with an automated system that practically removes human hands from controlling the drill.

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”.

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

On the coast of Guyana, neighboring Brazil, ExxonMobil has begun drilling oil wells with an automated system that practically removes human hands from controlling the drill.

Brazilians create cashierless mini-market in the USA, use AI to define products and prices, raise R$ 10 million, and achieve financial balance in the first month before planning nine more units in Miami by the end of 2026.

BNDES opens billion-dollar credit of up to R$ 50 million per client for the purchase of trucks, buses, and equipment and promises to accelerate the renewal of the heavy fleet on Brazilian roads.

PCC and Comando Vermelho enter the U.S. terrorism list and the Brazilian market is already trying to understand where this might hit first.

The military’s preschool assistance receives an 8.6% adjustment and now has a new value throughout Brazil, expanding financial support to Armed Forces families at a time of rising educational costs.

New Honda City with a hybrid engine of up to 126 hp features a sporty RS look, 10-inch screen, 360° camera, new wheels, and a price equivalent to R$ 129,000 before the official debut in Brazil in August.

No automatic car: Renault Niagara 2027 will have a manual version for work, 1.3 turbo flex engine with up to 163 hp, 4×4 options, EDC transmission in the expensive versions, six airbags, and ADAS package to compete with Fiat Toro in Brazil.

China ceases to be just the “world’s factory” and achieves a record surplus of US$ 1.5 trillion while dominating batteries, electric cars, and solar energy, expanding strategic competition with the US and accelerating the transformation of the global economy.

Pelé’s favorite beach has ‘medicinal powers’ and was once prescribed by doctors in the 20th century; located between channels 4 and 5 of Santos, its waters were used to treat skin and nervous system diseases.

On the coast of Guyana, neighboring Brazil, ExxonMobil has begun drilling oil wells with an automated system that practically removes human hands from controlling the drill.