Despite President Jair Bolsonaro’s speech on the privatization of Brazil’s crown jewel, oil giant Petrobras has had trouble unloading even a handful of refineries. And your chances have never been worse. With fuel demand still unstable from the pandemic and refineries shutting down elsewhere, Brazil is giving potential buyers another reason to stop: Petrobras is […]
Tag: Brazil
The findings of the commission that investigated the pandemic in Brazil
The Brazilian Senate installed a commission in April to investigate possible omissions by the government of Jair Bolsonaro in the fight against the coronavirus pandemic, which left more than 600,000 dead in the country. In five months, lawmakers summoned dozens of witnesses and revealed a series of behind-the-scenes flaws in managing the health emergency that […]
President Bolsonaro says he is in favor of privatizing Petrobras
Updated on 10/14/2021 10:36 am Brazilian President Jair Bolsonaro said he is inclined to privatize state oil company Petrobras, adding that he will discuss how to proceed with his economic team. On Wednesday, Economy Minister Paulo Guedes suggested that the government could sell part of its controlling stake in the state company to finance welfare […]