Petrobras Units Could be Sold Under New CEO

Monday, November 19, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Monday that certain units of Petroleo Brasileiro could be privatized, even though the state-run company is strategic for the state.

Speaking to reporters after his team named Chicago University-trained economist Roberto Castello Branco as the next chief executive of Petrobras, Bolsonaro said its outgoing boss, Ivan Monteiro, could go to state-run Banco do Brasil, the country's largest, although no decision has been taken.


(Reporting by Rodrigo Viga Gaier Editing by Chizu Nomiyama)

Categories: Mergers & Acquisitions Industry News Government Regulations

Related Stories

TVO Customizes Tethered BOP Technology

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Governments Move to Shield Economies as Oil Jumps 25%

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Velesto Gets Shell’s Deepwater Job Offshore Malaysia

MISC Secures Long-Term Charter for Papua New Guinea's First FSO

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Petronas Plans Ramp-Up in Exploration, Production Over Three Years

Current News

Eni Advances Angola Gas Project, Secures $9B Credit Facility

TVO Customizes Tethered BOP Technology

Eni: New Gas Discoveries in Libya

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

PTTEP Picks Everllence Compressors for Thailand’s Offshore CCS Project

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Iran War Exposes Risks of Fossil Fuel Dependence

Sunda Energy Secures Environmental License for Drilling Ops off Timor-Leste

Oil Drops 7% After Trump Predicts War Could End Soon

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com