Petrobras must be ‘as big as possible’, says chief of Brazilian oil major

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Financial Times 2w ago

Petrobras must be ‘as big as possible’, says chief of Brazilian oil major - Financial Times

Quick Summary:

He took charge at the start of 2023 with a mandate to turn Petrobras back into a more diversified group with an eye on the energy transition, but was ousted this year.

Brazil’s government, which owns 37 per cent of Petrobras equity, but controls just over half of voting rights appointed her in May.

The company has allocated $2.2bn for partnerships and has held preliminary talks with about half a dozen companies including Raízen, BP and Inpasa, according to Petrobras executives.