Petrobras: A Meeting Between Lula and Prates Put Fuel Pricing Policies at Stake, Jean Prates Received the Green Light from the Board of Directors This Thursday (26) to Lead the State-Owned Company

Written by Bruno Teles

Published on 27/01/2023 at 11:55

Updated on 27/01/2023 at 11:56

Jean Paul Prastes (Foto/divulgação)

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Petrobras (PETR4) Now Has a New President: Jean Paul Prates, Who Is a Critic of State Pricing Policy, With a Focus on Pre-Salt Operations and Distribution of Billion-Dollar Dividends – Which Made Investors Turn Up Their Noses at His Appointment, Which Took Place on This Thursday (26).

A few days before being endorsed by the company’s board of directors, Prates Tried to Calm Market Nerves and Assured in Advance That There Would Be No Intervention in Fuel Prices.

Jean Paul Prates Is the New President of Petrobras

YouTube video — Via SBT Brasil (01/26/23)

However, he has yet to rectify his statements about the dividends of this state-owned company, which is still the largest dividend payer in the world.

“A Long-Term Company Cannot Just Keep Taking Pre-Salt from the Sea and Distributing Dividends,” Reaffirmed Jean Paul Prates Earlier This Month.

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With All These Statements in Tow and Still Watching Petrobras Shares Plummet on B3, Prates Met with Lula at the Palácio do Planalto.

Among the Topics Discussed at the Table, According to Some Sources, Were the Names That May Still Be Indicated by the Union to the Board of Directors of the State-Owned Company.

Shortly After the Meeting, Jean Paul Prates Stated in a Video for Petrobras Employees That He Advocates for the State-Owned Company to Be a Driver of Economic Growth, Seeking New Frontiers, and Also Excelling in Oil and Gas Production and Leading the Energy Transition.

Regarding the Meeting, President Lula Did Not Say a Single Word. The Two Are Expected to Meet Today (27) and on Monday (03).

Be It Now or Even in Future Moments, Both Will Still Have to Address Petrobras’ Pricing Policy – After All, Throughout the Election Campaign, Lula Repeated Several Times That He Would Still Abolish the Price Parity Model to Reduce Fuel Prices at Refineries.

This Tuesday (24), Before Prates Arrived at His New Residence, Petrobras Announced a New Price Adjustment.

Petrobras: A Meeting Between Lula and Prates Put Fuel Pricing Policies at Stake, Jean Prates Received the Green Light from the Board of Directors This Thursday (26) to Lead the State-Owned Company

Petrobras (PETR4) Now Has a New President: Jean Paul Prates, Who Is a Critic of State Pricing Policy, With a Focus on Pre-Salt Operations and Distribution of Billion-Dollar Dividends – Which Made Investors Turn Up Their Noses at His Appointment, Which Took Place on This Thursday (26).

Jean Paul Prates Is the New President of Petrobras

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Petrobras: A Meeting Between Lula and Prates Put Fuel Pricing Policies at Stake, Jean Prates Received the Green Light from the Board of Directors This Thursday (26) to Lead the State-Owned Company

Petrobras (PETR4) Now Has a New President: Jean Paul Prates, Who Is a Critic of State Pricing Policy, With a Focus on Pre-Salt Operations and Distribution of Billion-Dollar Dividends – Which Made Investors Turn Up Their Noses at His Appointment, Which Took Place on This Thursday (26).

Jean Paul Prates Is the New President of Petrobras

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

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Former CIA analyst warns that China has already surpassed the US in missiles, electronic warfare, cyber, and military production, transforming the Pacific into a zone without safe spaces while Washington clings to its submarine advantage.

Home-built airplane by a Minas Gerais engineer uses car parts, such as a power window motor for the flaps and a tachometer on the dashboard. The project took six years, and the aircraft has autonomy to fly up to seven hours non-stop.