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Published on April 26 in the form of a decree by President Temer, Petrobras now has a green card to sell its assets with government approval
Now there's no turning back to Petrobras, the current president of Brazil, Michel Temer, ended up launching yesterday (26) the authorization decree that aims to establish the rules of governance, transparency and good practices for the sale of fields and exploratory blocks of Petrobras. The TCU had embargoed the state-owned company in 2017 and demanded that it make adjustments to its divestment plans. Well, after what the Federal Court of Accounts asked, the projects passed and Temer “expressly wrote in”.
In all, 28 projects and 105 exploratory fields will be delivered to private initiatives, most of which are onshore fields, in addition to partnerships in which Petrobras will no longer be the majority shareholder. Here are some of the main divestments:
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Trade union movements can mobilize
Since last week, the climate has been hot among the oil union movements that are against the sale of assets of the state company to the private sector. For example, the sale announced by Pedro Parante of 4 refineries in the South and Northeast of the country. They are also organizing themselves through assemblies to stop activities on oil platforms through assemblies, the decision will be taken between April 30th and May 12th.
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