At Brazil s Petrobras A Chicago Boy Takes The Reins

2019-03-17T15:51:33Z

AntoniaReece316: Created page with "FILE PHOTO: Economist Roberto Castello Branco, next chief executive of Petroleo Brasileiro SA, arrives for a meeting in Brasilia Thomson Reuters By Gram..."

FILE PHOTO: Economist Roberto Castello Branco, next chief executive of Petroleo Brasileiro SA, arrives for a meeting in Brasilia Thomson Reuters By Gram Slattery RIO DE JANEIRO (Reuters) - Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA , will either save the indebted oil major - or strip it to the bone. Tapped by far-right President Jair Bolsonaro, who took power on Tuesday, Castello Branco had said in a June newspaper column he thought Petrobras - as the company is known - should be privatized, a hardcore proposal even in an [http://Www.Techandtrends.com/?s=administration%20packed administration packed] with free market advocates. He has walked back on that idea since being named as CEO in November, saying such a move is not in his mandate, but has indicated he remains laser-focused on an ambitious divestment program, aimed at cutting Petrobras' staggering net debt, which stood at $73 billion as of the third quarter. Castello Branco has sharply criticized the former government for meddling in domestic diesel [http://www.Usatoday.com/search/pricing/ pricing]. In an interview last year with Reuters, he also complained about courts blocking Petrobras asset sales, which include four refineries and a pipeline subsidiary known as TAG, among many others. In case you beloved this post and you desire to obtain more information with regards to [http://newstrendday.blogspot.com/ Movie Trailers News] kindly stop by the website.

WikiNoVa XXI - User contributions [en]

At Brazil s Petrobras A Chicago Boy Takes The Reins