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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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

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.

BMW X7 priced at R$ 1 million impresses with absurd technology, extreme luxury for seven people, and a self-parking system in Brazil

The giant HS2 tunnel boring machine had to be dismantled after completing the first tunnel, and its 10-meter diameter cutting head was transported upright through the roads of Warwickshire on a 48-wheel self-propelled trailer.

Hyundai launches Exter for around R$ 38,000 in direct conversion, cheaper than Citroën C3, Fiat Mobi, Argo, and HB20 in Brazil; entry-level mini-SUV has a 1.2 engine, six airbags, automated transmission, and even a sunroof in the more expensive car package in India.

Ebola once again frightens the world after deadly spread in Congo, lack of vaccines, and international alert about the risk of a new health crisis

Heineken surprises the market by launching a beer with only 97 calories, gluten-free, and specially created to win over a new consumer profile in Brazil.

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

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.

The lack of truck drivers has already left 20 trucks idle at a transport company in ABC Paulista and highlights the growing difficulty in hiring experienced drivers for hazardous cargo, while young people are migrating to apps, urban deliveries, and other forms of work away from the roads.

São Paulo will have a new minimum wage: adjustment will affect 70 professions with new complementary allowance

Brazilian beef hits historic record in China in 2026, but new quota with 55% tariff puts exporters in a race against time

How much does a house cleaner earn in 2026? Cleaning rates vary between capitals, can exceed R$ 400 per day, and even surprise experienced professionals with huge differences between cities and types of service.

BMW X7 priced at R$ 1 million impresses with absurd technology, extreme luxury for seven people, and a self-parking system in Brazil

The giant HS2 tunnel boring machine had to be dismantled after completing the first tunnel, and its 10-meter diameter cutting head was transported upright through the roads of Warwickshire on a 48-wheel self-propelled trailer.

Hyundai launches Exter for around R$ 38,000 in direct conversion, cheaper than Citroën C3, Fiat Mobi, Argo, and HB20 in Brazil; entry-level mini-SUV has a 1.2 engine, six airbags, automated transmission, and even a sunroof in the more expensive car package in India.

Ebola once again frightens the world after deadly spread in Congo, lack of vaccines, and international alert about the risk of a new health crisis

Heineken surprises the market by launching a beer with only 97 calories, gluten-free, and specially created to win over a new consumer profile in Brazil.