Lula Requests Changes to Petrobras (PETR4) Plan With Expanded Focus on National Industry, According to Informants.

Written by Paulo Nogueira

Published on 17/11/2023 at 17:51

Updated on 17/11/2023 at 18:11

Lula e Jean Paul Prates (Foto: Ricardo Stuckert)

Be the first to react!

The President Complained About the Hiring of Foreign Suppliers, Stating: “Jean Paul, I Need Local Content.”

The president Luiz Inácio Lula da Silva was not satisfied with some aspects of a presentation by the CEO of Petrobras, Jean Paul Prates, concerning a draft of the company’s new investment plan. Lula emphasized the need for a plan that could have a more positive impact on the Brazilian economy. It was highlighted that the draft of the first five-year budget of Petrobras during his administration provided insufficient numbers for the shipbuilding industry and very long timelines for the fertilizer sector.

The president clearly expressed that hiring foreign suppliers only harms projects that could promote job creation in Brazil before the end of his term in 2026.

Additionally, in the proposal for the new plan, Lula also advocated for the resumption of work in the fertilizer sector, which is a product that Brazil has a strong dependence on imports, yet is an agricultural powerhouse.

ARTICLE CONTINUES BELOW

See also

Petrobras stated that the plan is still in development and will follow the strategic elements approved by its board of directors, in compliance with current governance practices and the commitment to generating value for the company. According to sources, Lula also urged Petrobras to include a greater local content and generate national income. The president wanted Petrobras to increase the number of vessels contracted in Brazil from four to 25. He also argued that the same amount invested in projects abroad should be used to promote the national industry. The president further called for the resumption of a fertilizer factory in Mato Grosso do Sul, which would mark the revival of plans for the factory and the creation of new jobs in Brazil. The strategic plan of Petrobras is expected to include the publication of investments under analysis, in addition to firm projects; which would raise the total amount to around 100 billion dollars over five years, according to a source familiar with the discussions. Lula summoned the CEO of Petrobras to the Brazilian capital the following week, allowing for changes to what was presented preliminarily.

Content marketing is an essential strategy for companies to increase their reach and engagement with the target audience. By creating relevant and quality content, companies can attract more visitors to their website, generate qualified leads, strengthen the brand, and increase sales.

President Lula da Silva Disapproves of Presentation by CEO of Petrobras

The president Luiz Inácio Lula da Silva was not satisfied with some aspects of a presentation by the CEO of Petrobras, Jean Paul Prates, concerning a draft of the company’s new investment plan. Lula emphasized the necessity of a plan that could have a more positive impact on the Brazilian economy. It was noted that the draft of the first five-year budget of Petrobras during his administration provided insufficient numbers for the shipbuilding industry and very long timelines for the fertilizer sector.

The president clearly stated that hiring foreign suppliers only harms projects that could promote job creation in Brazil before the end of his term in 2026.

Additionally, in the proposal for the new plan, Lula also advocated for the resumption of work in the fertilizer sector, which is a product that Brazil has a strong dependence on imports, yet is an agricultural powerhouse.

Petrobras stated that the plan is still in development and will adhere to the strategic elements approved by its board of directors, in compliance with current governance practices and the commitment to generating value for the company. According to sources, Lula also required Petrobras to include greater local content and generate national income. The president wanted Petrobras to increase the number of vessels contracted in Brazil from four to 25. He also argued that the same amount invested in projects abroad should be used to promote the national industry. The president further called for the revival of a fertilizer factory in Mato Grosso do Sul, which would mark the resumption of plans for the factory and the creation of new jobs in Brazil. The strategic plan of Petrobras is expected to include the publication of investments under analysis, in addition to firm projects; which would raise the total amount to around 100 billion dollars over five years, according to a source familiar with the discussions. Lula summoned the CEO of Petrobras to the Brazilian capital the following week, allowing for changes regarding what was presented preliminarily.

Content marketing is an essential strategy for companies to increase their reach and engagement with the target audience. By creating relevant and quality content, companies can attract more visitors to their site, generate qualified leads, strengthen the brand, and increase sales.

Source: Info Money

Lula Requests Changes to Petrobras (PETR4) Plan With Expanded Focus on National Industry, According to Informants.

The President Complained About the Hiring of Foreign Suppliers, Stating: “Jean Paul, I Need Local Content.”

President Lula da Silva Disapproves of Presentation by CEO of Petrobras

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

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.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

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.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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.

Multinational Amazon opens 500 job vacancies for a mega distribution center in Salvador and strengthens national expansion with large-scale logistics operation, technology for fast deliveries, and direct impact on the job market and product circulation in the Northeast.

Fish form a colossal ‘stain’ in crystal-clear sea as around 20,000 mullets are surrounded by fishermen in an impressive catch; aerial video reveals giant school and historic harvest with 70 tons taken from the sea in SC

Xiaomi innovates once again and introduces a giant 620-liter refrigerator, silent compressor, 99.99% antibacterial technology, integrated Wi-Fi, 18 internal compartments, and a surprising price equivalent to R$ 1,840 in China.

Cameras capture meteor shining near the erupting Mayon volcano, and the footage surprises even those who monitor extreme phenomena.

Costing less than a basic new car, Volkswagen’s turbo sedan has a 1.4 TSI engine with 150 hp, a range that can exceed 700 km, a 510-liter trunk, and premium finish that still attracts attention in the used car market.

Lula Requests Changes to Petrobras (PETR4) Plan With Expanded Focus on National Industry, According to Informants.

The President Complained About the Hiring of Foreign Suppliers, Stating: “Jean Paul, I Need Local Content.”

President Lula da Silva Disapproves of Presentation by CEO of Petrobras

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

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.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

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.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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.

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

Why didn’t oil reach $150 even after three months of the Strait of Hormuz being closed?

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

When drilling an artesian well, a farmer wanted water but found oil: ANP confirms that the dark liquid found by a farmer on a site in Ceará is crude oil.

Multinational Amazon opens 500 job vacancies for a mega distribution center in Salvador and strengthens national expansion with large-scale logistics operation, technology for fast deliveries, and direct impact on the job market and product circulation in the Northeast.

Fish form a colossal ‘stain’ in crystal-clear sea as around 20,000 mullets are surrounded by fishermen in an impressive catch; aerial video reveals giant school and historic harvest with 70 tons taken from the sea in SC

Xiaomi innovates once again and introduces a giant 620-liter refrigerator, silent compressor, 99.99% antibacterial technology, integrated Wi-Fi, 18 internal compartments, and a surprising price equivalent to R$ 1,840 in China.

Cameras capture meteor shining near the erupting Mayon volcano, and the footage surprises even those who monitor extreme phenomena.

Costing less than a basic new car, Volkswagen’s turbo sedan has a 1.4 TSI engine with 150 hp, a range that can exceed 700 km, a 510-liter trunk, and premium finish that still attracts attention in the used car market.