The New President of Petrobras, Appointed by Lula, Confirms That the Government Will Have Interventionist Pricing Policy for the State Oil Company’s Fuels

Written by Paulo Nogueira

Published on 30/12/2022 at 16:41

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Fuel Prices In Brazil Have Been Adjusted To The PPI Since Temer’s Inauguration In 2016.

Senator Jean Paul Prates (PT-RN), likely the next president of Petrobras, stated to Blog G1 that the fixing of fuel prices is “a responsibility of the government, and not just of a market company.”

The president of the PT, Gleisi Hoffmann, verified the blog report stating that a legislator would assume the direction of Petrobras. A formal announcement will be made on Friday (30).

According to Prates’ statements, the rules that the government, in its capacity as government and majority shareholder, will be followed by Petrobras. But it is safe to assume that all parties involved will weigh the benefits of oil and fuel production in Brazil against the potential loss of profit for its investors.

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Energy Transition Without Giving Up On Oil

The new president of Petrobras also stated that facilitating the company’s energy transition will be his main priority, without sidelining oil operations.

A realistic and fruitful plan for the company will be developed after the first months, assessing the situations of each unit of the organization, as Prates says.

The New President of Petrobras, Appointed by Lula, Confirms That the Government Will Have Interventionist Pricing Policy for the State Oil Company’s Fuels

Fuel Prices In Brazil Have Been Adjusted To The PPI Since Temer’s Inauguration In 2016.

Energy Transition Without Giving Up On Oil

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Changan and Chery promise mass production of solid-state batteries with 1,500 kilometers of range in 2027 while Tesla still uses lithium and Toyota only promises to deliver theirs in 2028.

Frequent headaches may hide silent diseases, and specialists warn about signs that require immediate medical attention.

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A city with 2,600 inhabitants will receive a JBS farm that will produce 91 eggs per minute. The project is expected to generate around 100 direct jobs during the construction phase and maintain 80 permanent positions once it becomes operational.

Eight of the ten largest energy storage companies in the world are Chinese, with BYD leading the ranking with its own system that has almost three times the capacity of Tesla’s Megapack and is already operating in a giant project in Saudi Arabia.

The New President of Petrobras, Appointed by Lula, Confirms That the Government Will Have Interventionist Pricing Policy for the State Oil Company’s Fuels

Fuel Prices In Brazil Have Been Adjusted To The PPI Since Temer’s Inauguration In 2016.

Energy Transition Without Giving Up On Oil

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Changan and Chery promise mass production of solid-state batteries with 1,500 kilometers of range in 2027 while Tesla still uses lithium and Toyota only promises to deliver theirs in 2028.

Brazil could become a global oil powerhouse with reserves jumping from 17 billion to 23.5 billion barrels, investments of US$ 30 billion per year, and exploration in the Equatorial Margin that could extend Brazilian production until 2042.

While Brazil discussed the transition, Petrobras unlocked 11 new platforms in the pre-salt until 2027 — Búzios alone receives 6 FPSOs and targets 1 million barrels/day.

Oil, jobs, and industry: ABESPETRO executive explains why Brazil has not yet reached the development of wealthy countries

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Lula celebrates the revival of the fertilizer industry in Bahia, reinforces the defense of Petrobras, and criticizes privatizations that increased Brazil’s external dependency.

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Ukraine dismantles Russian missile and finds more than a hundred components manufactured by American and European companies, some produced in 2025 and 2026, chips and Western microelectronics reach Russia through intermediaries despite sanctions.

A city with 2,600 inhabitants will receive a JBS farm that will produce 91 eggs per minute. The project is expected to generate around 100 direct jobs during the construction phase and maintain 80 permanent positions once it becomes operational.

Eight of the ten largest energy storage companies in the world are Chinese, with BYD leading the ranking with its own system that has almost three times the capacity of Tesla’s Megapack and is already operating in a giant project in Saudi Arabia.