Petrobras Faces Competition: President Jean Paul Prates Denies That the State-Owned Company Is the Sole Player in Brazil's Fuel Market

Petrobras Faces Competition: President Jean Paul Prates Denies That the State-Owned Company Is the Sole Player in Brazil’s Fuel Market

Written by Bruno Teles

Published on 16/05/2023 at 18:55

FOTO: Jean Paul Prates

Seja o primeiro a reagir!

In Exclusive Interview For CNN, Petrobras President Jean Paul Prates Affirmed That Petrobras Has Competition In The Fuel Market In Brazil And, For This Reason, Does Not Understand The Pressure On The State-Owned Company To Practice Prices Tied To Import (PPI).

According to Jean Paul Prates, “Petrobras has competition; all refineries in the world are competitors. In Brazil, we have in Amazonas (Ream) and in Bahia (Mataripe)”. He argues that if the company imports only 1%, it cannot sell the product at the import price for the other 99% that the company produces.

Although Petrobras is still the main company in the fuel market in Brazil, accounting for about 80%, there are other companies representing around 19% of the market, such as Acelen and other small refineries and imports, mainly of diesel.

Jean Paul Prates Said That The New Pricing Policy Of Petrobras Is Necessary Because The Company Has Been Losing Customers To Its Competitors, Among Them, Importers.

He also stated that the PPI was an “abstraction,” a word he has used since taking over the company in 2021. According to him, the PPI did not provide the predictability that they demand from the state-owned company. From now on, the company intends to manage the price according to the normal fluctuations of the market.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

The new pricing policy, which was announced on Tuesday (16), aims to increase the competitiveness of the company. “It’s a limited cushion, but by managing the refineries we can handle it,” said Jean Paul Prates.

Regarding the pricing policy tied to the PPI, Prates stated that “the idea that we need a table, that we need to know what the price will be in three months, is an abstraction. We are giving up an abstraction and moving to real life.”

This change in the pricing policy of Petrobras is crucial for the competitiveness of the company, which needs to adapt to changes in the market and ensure its survival and growth. With this new stance, Petrobras should offer more competitive prices, allowing the company to attract new customers and increase its market share.

Petrobras aims to continue expanding its operations in the fuel market in Brazil, offering quality products and fair prices. The company also intends to expand its operations in other sectors, such as biofuels and renewable energy.

Petrobras Faces Competition: President Jean Paul Prates Denies That the State-Owned Company Is the Sole Player in Brazil’s Fuel Market

In Exclusive Interview For CNN, Petrobras President Jean Paul Prates Affirmed That Petrobras Has Competition In The Fuel Market In Brazil And, For This Reason, Does Not Understand The Pressure On The State-Owned Company To Practice Prices Tied To Import (PPI).

Jean Paul Prates Said That The New Pricing Policy Of Petrobras Is Necessary Because The Company Has Been Losing Customers To Its Competitors, Among Them, Importers.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Petrobras Announces End Of Oil Price Parity With The Dollar

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

China bets on the Fishery-PV model and transforms fish farms into giant solar plants, covering ponds with panels that generate energy while utilizing the same space for large-scale aquaculture production.

In 2013, Nicaragua sold the concession for a canal to rival Panama to a Chinese billionaire who lost 85% of his fortune, disappeared, and was declared bankrupt. Now the project resurfaces with a new route, a new Chinese partner, and a cost of $64.5 billion.

Ocyan brings executives and digital solutions to Macaé Energy 2026 and highlights offshore expansion with Nexio and a new base in Macaé.

China bets on the Fishery-PV model and transforms fish farms into giant solar plants, covering ponds with panels that generate energy while utilizing the same space for large-scale aquaculture production.

China creates hypersonic engine that can make planes and missiles fly more than 6 times the speed of sound with less weight, more range, and without system change.

With over 14 million baskets of earth moved, an ancient North American metropolis built a monumental pyramid of 30 meters and established a city with 20,000 inhabitants nearly a thousand years ago.

A 1,900-year-old treasure emerges from a Roman house destroyed by fire and sealed since antiquity in Romania, with coins and metals fused among the ashes.

Tecnogera opens an offshore position with a mixed schedule for those who want to work on board in Macaé (RJ) with benefits including Meal Voucher, Transportation Voucher, Life Insurance, and more.

Petrobras Faces Competition: President Jean Paul Prates Denies That the State-Owned Company Is the Sole Player in Brazil’s Fuel Market

In Exclusive Interview For CNN, Petrobras President Jean Paul Prates Affirmed That Petrobras Has Competition In The Fuel Market In Brazil And, For This Reason, Does Not Understand The Pressure On The State-Owned Company To Practice Prices Tied To Import (PPI).

Jean Paul Prates Said That The New Pricing Policy Of Petrobras Is Necessary Because The Company Has Been Losing Customers To Its Competitors, Among Them, Importers.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Petrobras Announces End Of Oil Price Parity With The Dollar

For 45 years, Spain and Morocco have been trying to connect Europe to Africa through a project of just 14 kilometers in the Strait of Gibraltar, and an active tectonic fault on the seabed continues to make the project nearly impossible.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

China bets on the Fishery-PV model and transforms fish farms into giant solar plants, covering ponds with panels that generate energy while utilizing the same space for large-scale aquaculture production.

In 2013, Nicaragua sold the concession for a canal to rival Panama to a Chinese billionaire who lost 85% of his fortune, disappeared, and was declared bankrupt. Now the project resurfaces with a new route, a new Chinese partner, and a cost of $64.5 billion.

Ocyan brings executives and digital solutions to Macaé Energy 2026 and highlights offshore expansion with Nexio and a new base in Macaé.

The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.

Naturgy begins an investment of R$ 1.6 million to expand the gas network in Niterói and benefit thousands of new residences and businesses.

A major turn in the Justice system suspends tax increases and directly impacts oil and gas companies in Brazil by affecting costs, contracts, and financial planning, leaving uncertain what could happen to the sector if these costs had increased.

Brava Energia begins drilling in Papa-Terra and Atlanta and could change the game by reducing costs in oil while increasing production and strengthening competitiveness in the offshore market.

Petrobras surprises the world again by announcing a new discovery in the pre-salt with excellent quality oil.

China bets on the Fishery-PV model and transforms fish farms into giant solar plants, covering ponds with panels that generate energy while utilizing the same space for large-scale aquaculture production.

China creates hypersonic engine that can make planes and missiles fly more than 6 times the speed of sound with less weight, more range, and without system change.

With over 14 million baskets of earth moved, an ancient North American metropolis built a monumental pyramid of 30 meters and established a city with 20,000 inhabitants nearly a thousand years ago.

A 1,900-year-old treasure emerges from a Roman house destroyed by fire and sealed since antiquity in Romania, with coins and metals fused among the ashes.

Tecnogera opens an offshore position with a mixed schedule for those who want to work on board in Macaé (RJ) with benefits including Meal Voucher, Transportation Voucher, Life Insurance, and more.