Bolsonaro’s Advance On Tuesday Made Petrobras The Most Valuable Company In Brazil

Written by Paulo Nogueira

Published on 03/10/2018 at 11:20

Updated on 03/10/2018 at 14:12

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Investor Optimism Led to State-Owned Company’s Valuation of R$ 319.928 Billion, Surpassing Vale on October 2

With the progress of presidential candidate Jair Messias Bolsonaro (PSL) in the latest voter surveys this Tuesday (2), Petrobras’ shares were boosted, reaching a valuation of R$ 319.928 billion, surpassing even Vale, which is now the second largest company in value in Brazil, followed by Ambev and Itaú in third and fourth place, respectively.

Bolsonaro’s policy of opening the Brazilian market to global capital is seen by investors as a good indicator for future projects in the country, as the candidate has an ideological bias towards privatization in the Golden Share modality, whereby the government would still have some decision-making power in Petrobras.

ARTICLE CONTINUES BELOW

Petrobras Director Says the Worst Phase for the State-Owned Company Is Over

Petrobras completed 10 years of production in the pre-salt on September 2, with the first oil at the Jubarte Field in Espírito Santo. Since then, 20 offshore production units have been incorporated into the national fleet, bringing production to an incredible 1.5 million barrels of oil every day. Despite some deals that incurred losses for the state company and corruption investigations, Petrobras is now entering a phase of “positive ascendance.” Check here what the new phase of prosperity will be for Petrobras in 2018.

Bolsonaro’s Advance On Tuesday Made Petrobras The Most Valuable Company In Brazil

Investor Optimism Led to State-Owned Company’s Valuation of R$ 319.928 Billion, Surpassing Vale on October 2

Petrobras Director Says the Worst Phase for the State-Owned Company Is Over

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Bolsonaro’s Advance On Tuesday Made Petrobras The Most Valuable Company In Brazil

Investor Optimism Led to State-Owned Company’s Valuation of R$ 319.928 Billion, Surpassing Vale on October 2

Petrobras Director Says the Worst Phase for the State-Owned Company Is Over

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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