Brazil's state-run oil company Petroleo Brasileiro SA has asked the Mines and Energy Ministry to clarify comments from President Jair Bolsonaro that a recent 39% hike in natural gas prices was "unacceptable" and that while he would not interfere in the company, its pricing.
By Reuters Staff
2 Min Read
FILE PHOTO: A logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
SAO PAULO (Reuters) -Brazil’s state-run oil company Petroleo Brasileiro SA has asked the Mines and Energy Ministry to clarify comments from President Jair Bolsonaro that a recent 39% hike in natural gas prices was “unacceptable” and that while he would not interfere in the company, its pricing policy could still be changed.
In a securities filing, Petrobras said it asked the ministry about information that “should have been released to the market.” The ministry has yet to respond, Petrobras said.
By Reuters Staff
2 Min Read
FILE PHOTO: A logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
SAO PAULO (Reuters) -Brazil’s state-run oil company Petroleo Brasileiro SA has asked the Mines and Energy Ministry to clarify comments from President Jair Bolsonaro that a recent 39% hike in natural gas prices was “unacceptable” and that while he would not interfere in the company, its pricing policy could still be changed.
In a securities filing, Petrobras said it asked the ministry about information that “should have been released to the market.” The ministry has yet to respond, Petrobras said.
8 Min Read
RIO DE JANEIRO (Reuters) - For many investors, President Jair Bolsonaro killed the dream of Brazil’s free-market renaissance with a Friday night Facebook post.
FILE PHOTO: Brazil s President Jair Bolsonaro speaks during a ceremony to launch a program to help new mayors, at Planalto Palace in Brasilia, Brazil, February 23, 2021. REUTERS/Ueslei Marcelino
In a curt public statement on Feb. 19, Bolsonaro canned the head of state-run oil firm Petrobras, who had infuriated the president by raising fuel prices. Bolsonaro then named a retired Army general with no experience in the oil and gas industry to lead Latin America’s biggest crude producer.
Insight: How a Petrobras sacking ended Bolsonaro s free-market flirtation marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.