Petrobras Refinery Sales May Change With State-Owned Company Leadership Transition

Written by Roberta Souza

Published on 22/02/2021 at 15:41

Refinarias

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Now With General Joaquim Silva e Luna in Command of Petrobras, the Sale of Refineries That Are in the Divestment Program May Have Changes

As part of Petrobras’ divestment plan, the refineries may undergo some changes that were not anticipated by the state-owned company, with the new leadership of General Silva e Luna. The new CEO of the company has already publicly stated that, since the decision on this matter is collegial, he does not foresee the possibility of fuel prices being altered. However, in addition to shareholders and profits, it is necessary to assess the company’s impact on the entire population.

Questions About the New Administration:

The partner of the consultancy Tendências, Gustavo Loyola, says that “The refineries (that are in the divestment program) sell derivatives. If they no longer belong to Petrobras, how will it be able to control prices?” Loyola further questions, “Will he continue in this program or have the confidence of potential buyers?” while commenting on the pro-privatization stance.

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In practice, the question for analysts and investors is whether Silva e Luna will lead the oil company in a professional manner or if they will comply with the demands of the Planalto, which does not have a long-term national policy.

Alexandre Schwartsman, former director of the Central Bank, stated that “Silva e Luna is just another pawn, another (Health Minister, General Eduardo) Pazuello.” Meanwhile, the also former director of BS, Paulo Werlang, said that “There is (in the government) an understanding that privatization is something that helps improve public accounts and avoids public spending.”

Petrobras Refinery Sales May Change With State-Owned Company Leadership Transition

Now With General Joaquim Silva e Luna in Command of Petrobras, the Sale of Refineries That Are in the Divestment Program May Have Changes

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Petrobras Refinery Sales May Change With State-Owned Company Leadership Transition

Now With General Joaquim Silva e Luna in Command of Petrobras, the Sale of Refineries That Are in the Divestment Program May Have Changes

See Also Other News of the Day:

Questions About the New Administration:

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

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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