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The Executive Highlighted That the Next President of Petrobras Needs to Be Aware of the Oil Sector and Understand the Segment to Manage the Company. Haddad Also Foresees a Review of the State-Owned Company’s Fuel Pricing Policy to Adapt to the Market.
Last Wednesday, (12/14), the former presidential candidate and future Minister of Finance Fernando Haddad gave an interview and commented on the future of some sectors in the country. According to the executive, managing Petrobras is one of his main concerns. He stated that the next president of the company needs to understand oil to lead it. In addition to highlighting a revision of the fuel pricing policy as one of his objectives for the Lula Government.
Fernando Haddad Highlights the Need for a President With Knowledge About Oil and Fuels to Lead Petrobras in the Next Administration
The management of Petrobras throughout 2022 has been heavily criticized by industry experts.
The Bolsonaro Government made constant changes in the presidency of the state-owned company, in addition to appointing representatives of domestic private market interests, who have no knowledge of the oil sector.
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Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.
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A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.
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Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.
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The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.
Thus, after the election of future president Lula, sector representatives began to discuss the next steps for the state-owned company in Brazil.
In an interview given last Wednesday, (12/14), future Minister of Finance Haddad commented on this issue and stated that the next president of Petrobras needs to be someone who understands oil and other fuels.
When asked about the name of Senator Jean Paul Prates (PT-RN) during an interview with GloboNews, the member of the Workers’ Party stated that he “understands the sector,” making him a good option to lead the company.
The future minister also highlighted that as soon as Lula announces the name of the next president of the state-owned company, he will be the first to hold a meeting to discuss prices, projects, and the future of the fuel sector.
Regarding Petrobras’ pricing policy, Haddad stated that he will explore new alternatives to align fuel prices with national and international markets. But without directly impacting the final consumer.
“Smoothing is a common practice,” Haddad commented. Adding that fuel prices are important in the country due to Brazil’s dependence on the road network. “We will see who Lula chooses as president of Petrobras. You can be sure that the first thing I will do is sit down with him,” the executive concluded.
Future Minister Commented on the Future of Investments in PPP Projects and Said They Are the Future of Infrastructure Ventures for Brazil
In addition to commenting on Petrobras’ fuel pricing policy and its presidency, the Minister of Finance went beyond the oil sector.
He advocated for the adoption of projects with investments in Public-Private Partnerships (PPP) to enhance infrastructure in Brazil and enable improvements across the country.
“There is a huge set of sustainable projects that can be granted to the private sector: airport concessions, road concessions, (everything) adopting principles like tariff moderation,” he said.
He also cited China as a great example of using PPPs to enhance infrastructure and quality of life in the country.
In Brazil, PPPs have enabled enormous public contribution projects, such as Prouni, which provides scholarships for students across the country.
In this way, he not only intends to align the interests of the people with Petrobras but also seeks new ways to improve the quality of life in Brazil.
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