Petrobras chief executive quits amid fuel price standoff with Bolsonaro
The chief executive of Brazil’s state-owned oil company Petrobras, who has stayed in his post despite last month being fired by Brazilian President Jair Bolsonaro, resigned on Monday after a new fuel price hike that enraged Bolsonaro. Jose Mauro Coelho is the third Petrobras chief executive to leave since February last year in a standoff between the company and Bolsonaro over fuel prices. Petrobras announced Coelho’s resignation on Monday. The company said Fernando Borges — its head of exploration and production — would temporarily take over until government pick Caio Paes de Andrade, ...
Source: taipeitimes.com