(Reuters, 26.Aug.2022) — President Jair Bolsonaro said on Friday he has authorized Minister of Mines and Energy Adolfo Sachsida to consider the privatization of oil company Petrobras next year, if […]
Tag: Jair Bolsonaro
Lula’s Plan to Keep Petrobras State-Controlled Is a Mistake, Minister Says
(Bloomberg, 26.Aug.2022) — Luiz Inacio Lula da Silva’s plan to keep Brazil oil giant Petroleo Brasileiro SA as a state-controlled company if elected again is a mistake, according to Energy […]
Bolsonaro Hints at Change in Petrobras’ Profit Distribution
(Reuters, 16.May.2022) — Brazilian President Jair Bolsonaro suggested on Monday he may tinker with state-run company Petrobras‘ profit policy, cutting the percentage distributed to shareholders, as he looks to curb […]
Bolsonaro Replaces Energy Chief After Brazil Fuel Price Hike
(Bloomberg, 11.May.2022) — Brazilian President Jair Bolsonaro replaced his Energy Minister just days after state-run Petroleo Brasileiro SA ignored his plea to not raise fuel prices, which has become a […]
Petrobras Raises Diesel Prices Despite Bolsonaro Complaints
(Bloomberg, 9.May.2022) — Brazil’s state-controlled oil giant Petroleo Brasileiro SA raised domestic diesel prices just days after President Jair Bolsonaro bashed the company for too-high profits. After holding prices stable […]
Guyana and Brazil Agree on Actionable Framework – President Ali
(DPI, 7.May.2022) — His Excellency Dr Irfaan Ali announced that Guyana and Brazil have agreed on an “actionable framework” in the areas of food security, energy, infrastructure and national security. This […]
Guyana, Brazil Sign Treaties on Civil, Criminal Matters
(DPI, 7.May.2022) — Guyana and Brazil have mutually agreed to provide legal assistance in civil and criminal matters, through the signing of two bilateral agreements, at the Arthur Chung Conference […]
Brazil’s President Calls Petrobras Profits a ‘Rape’
(Reuters, 5.May.2022) — Brazilian President Jair Bolsonaro on Thursday urged state-run oil company Petrobras not to raise fuel prices again, and compared the company’s profits to a “rape” of the […]
Petrobras CEO Ousted Amid Spat Over Fuel Prices
(Bloomberg, 28.Mar.2022) — Latin America’s biggest oil producer Petroleo Brasileiro SA will have its third chief executive officer since early 2021 after Joaquim Silva e Luna was pushed out following […]
NRGBriefs: Venezuela’s VP Delcy Rodríguez on impact of US sanctions
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Mar.2022, Words: 191) — Energy briefs including Venezuela’s Vice President Delcy Rodríguez commenting on the impact of US sanctions on Venezuela during her […]
Brazil Congress Cuts Taxes on Fuels to Soften 25% Price Jump
(Bloomberg, 11.Mar.2022) — Brazil’s congress passed a tax reduction for fuels hours after state-controlled oil producer Petroleo Brasileiro SA caused a stir by increasing diesel and gasoline prices by as […]
How the War in Ukraine Could Empower Maduro
(Foreign Policy, 25.Feb.2022) — The highlights this week: how the war in Ukraine could prolong Venezuela’s political crisis, Colombia decriminalizes abortion, and a Mexican marathoner completes a cross-country journey. When Anti-Imperialism Meets Noninterference In the weeks […]
NRGBriefs: PDVSA Debt Stood at $35bn at YE:21
(Energy Analytics Institute, 19.Jan.2022) — Energy briefs including Brazil’s President Jair Bolsonaro visiting w/ his counterparts in Suriname and Guyana to discuss oil and gas matters; and Venezuela’s state oil […]
Bolsonaro to Visit Suriname and Guyana for Talks on Oil Cooperation
(Reuters, 17.Jan.2022) — Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil’s […]
Bolsonaro: Petrobras Pricing Independent
(Reuters, 6.Nov.2021) — Brazilian President Jair Bolsonaro lamented on Saturday that state-run oil company Petrobras sets domestic fuel prices independent of government interference and repeated his desire to privatize the […]
Bolsonaro Says Petrobras Privatization Is ‘On Our Radar’ As Fuel Prices Rise
(Reuters, 25.Oct.2021) — Brazilian President Jair Bolsonaro reiterated that he is considering the privatization of state-run oil company Petrobras, boosting its shares along with news of a fresh price hike […]
Bolsonaro’s Privatization Talk Masks Petrobras Struggles
(Bloomberg, 20.Oct.2021) — For all President Jair Bolsonaro’s recent talk of privatizing Brazil’s crown jewel, oil giant Petrobras has struggled even to unload a handful of refineries. And its chances […]
Brazil’s 2022 Presidential Vote: ‘Fascism Or Democracy’
(Euronews, 7.Oct.2021) — Brazil’s 2022 presidential election will be ballot between “fascism and democracy”, former leftist leader Luiz Inacio Lula da Silva told Euronews, as he mulls mounting a challenge […]
Bolsonaro Says Has Discussed Fuel Prices With Petrobras
(Reuters, 31.Aug.2021) — Brazilian president Jair Bolsonaro said in an event in the state of Minas Gerais that he has discussed the reason for high fuel prices with the CEO […]
Brazil In Talks With Argentina for Gas Pipeline from Vaca Muerta
(Reuters, 19.Aug.2021) — Brazil is negotiating with Argentina on the construction of a billion-dollar pipeline from the Vaca Muerta shale gas reserves, Brazilian President Jair Bolsonaro said on Thursday. Speaking […]
Bolsonaro Authorizes Eletrobras Privatization
(Xinhua, 13.Jul.2021) — Brazilian President Jair Bolsonaro signed into law on Tuesday a bill approved by Congress that paves the way for the privatization of state-owned electric utility company Eletrobras, […]
At Petrobras, A ‘Spartan’ Military Man Takes The Reins
(Reuters, 12.Apr.2021) — For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil’s state-run oil company Petrobras was unexpected – […]
Jair Bolsonaro Sparks Political Crisis
(Reuters, 30.Mar.2021) — Brazil will replace the three heads of its armed forces, the Defense Ministry said on Tuesday, as Latin America’s biggest nation, already roiled by the pandemic, faced […]
LatAm Briefs: Pemex Costs, Ecuador Output
(Energy Analytics Institute, 18.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Banco do Brasil CEO resigning under pressures from Brazil’s President Jair Bolsonaro, Ecuador’s oil production […]
Moody’s On Govt Intervention At Petrobras
(Reuters, 24.Feb.2021) — Brazilian President Jair Bolsonaro’s decision to replace the head of state-run oil giant Petrobras threatens the government’s privatization program and potentially the economy’s medium-term growth prospects, ratings […]
Petrobras In Turmoil As Investors Digest Shake-up
(Argus, 22.Feb.2021) — The share price of Brazil’s Petrobras nosedived today after President Jair Bolsonaro moved to overhaul the state-controlled company’s management, heralding a return to state intervention and threatening […]
Bolsonaro Says More Changes Underway
(Blooomberg, 19.Feb.2021) — Brazilian President Jair Bolsonaro said that more changes are underway after naming a former general to replace the University of Chicago-educated economist running state-controlled Petroleo Brasileiro SA. […]
Petrobras CEO Fights Pressure To Resign
(Reuters, 19.Feb.2021) — The chief executive of Brazil’s state-led oil company Petrobras is trying to fight off President Jair Bolsonaro’s bid to oust him over his insistence on raising gasoline […]
Bolsonaro To Discuss Diesel Price With Petrobras Head
(Reuters, 4.Feb.2021) — Brazilian President Jair Bolsonaro said he will meet on Friday with his Cabinet and the head of state-run oil company Petrobras to discuss diesel prices, a move […]
Bolsonaro Urges Truckers Not To Strike
(Reuters, 27.Jan.2021) — Brazilian President Jair Bolsonaro on Wednesday urged truckers not to strike on Feb. 1, suggesting he could lower diesel costs with tax breaks as he seeks to […]
PPSA Sale Plan Stokes Oil Contract Debate
(Argus, 12.Aug.2020) — The Brazilian government’s plan to sell state-owned pre-salt marketing company PPSA has stalled amid congressional foot-dragging over a change in pre-salt contract terms. Addressing reporters late yesterday, […]
Covid-19 Crisis Could Crush Brazil’s Oil Boom
(Oilprice.com, 20.May.2020) — The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it. “Brazil has the worst COVID growth rate of […]
Bolsonaro Ready To Ax Fuel Taxes
(Reuters, 6.Feb.2020) — Brazil’s President Jair Bolsonaro said he is prepared to eliminate federal fuel taxes if state governors eliminate the “ICMS” state tax on gasoline and diesel. ICMS is […]
Brazil To Discuss OPEC With Saudi Arabia In July
(S&P Global Platts, 24.Jan.2020) — Brazil will discuss potential cooperation with OPEC on the sidelines of a Group of 20 event scheduled to be held in Saudi Arabia later this […]
Brazil Looks To Smooth Impact Of Oil Price Spikes
(Reuters, 6.Jan.2020) — Brazil’s government is working on a policy to reduce the local impact of spikes in international oil prices, officials said on Monday, reviving questions about the state […]
Rosneft Head Sechin Attends BRICS Summit In Brazil
(Rosneft, 15.Nov.2019) — During the visit of the President of the Russian Federation Vladimir Putin to the BRICS summit in Brazil, the Chief Executive Officer of PJSC Rosneft Oil Company […]
What A Mammoth Oil Auction Means for Brazil
(Americas Quarterly, Naki Mendoza, 5.Nov.2019) — A pre-salt auction 20 years in the making could have broad repercussions for the economy and Jair Bolsonaro’s government. Since its first pre-salt auction […]
Brazil Targets Greek Tanker For Spill
(Argus, 1.Nov.2019) — Brazil is targeting a Greek-flagged tanker as the source of a catastrophic oil spill that has spread across the northeastern coast. Federal police say the Suezmax Bouboulina […]
Bolsonaro Wants Brazil In OPEC
(AAWSAT, Mosaed al-Zayani, 31.Oct.2019) — Brazil’s President Jair Bolsonaro said Wednesday he was keen for his country to join OPEC, a move that would add the most significant new producer […]
Bolsonaro Wants Brazil In OPEC
(Reuters, Stephen Kalin, Rania El Gamal, Alex Lawler, 30.Oct.2019) — Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add […]
Brazil Collects 900 Tonnes Of Spilled Oil
(Kallanish, 23.Oct.2019) — Brazil has collected some 900 tonnes of oil residue from its northeastern beaches since early September, the government said in a joint note Monday. According to the […]
Bolsonaro Says Oil Spill Could Be Sabotage
(Reuters, 18.Oct.2019) — Brazilian President Jair Bolsonaro questioned on Friday whether a far-reaching oil spill on the nation’s northeastern shore may have been a criminal act designed to harm a […]
Bolivia Crippled As Leftist Leader Faces Vote
(Bloomberg, Peter Millard, 14.Oct.2019) — For two years, Bolivia pushed to boost natural gas production, a longtime key to its prosperity, by drilling for new discoveries on its southeastern lowlands. […]
Venezuelan Oil Likely Spilled In Brazil: Report
(The Wall Street Journal, Luciana Magalhaes and Jeffrey T. Lewis, 9.Oct.2019) — Long stretches of Brazil’s northeastern coast have been stained by oil slicks since early September, and at least […]
Brazil Oil Spill ‘Criminally Deposited’: Bolsonaro
(DW.com, 8.Oct.2019) — President Jair Bolsonaro has suggested a criminal element to the mystery oil slicks polluting Brazil’s northeast coast. About 100 oil spills have been detected along the nation’s […]
Petrobras Maintains Prices
(Reuters, Gram Slattery and Marta Nogueira, 16.Sep.2019) — – Brazilian President Jair Bolsonaro and Petrobras said on Monday the oil firm was not planning to immediately raise fuel prices in […]
Petrobras Clarifies News In ‘Folha de São Paulo’
(Petrobras, 26.Aug.2019) — Petrobras reports that it received the Official Letter No. 269/2019/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No 269/2019/CVM/SEP/GEA-1 “Dear Executive Officer, 1. We refer to the […]
Bolsonaro Wants To Privatize Petrobras
(Reuters, 21.Aug.2019) — The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian newspaper […]
Bolsonaro Said Wanting To Privatize Petrobras: Rpt
(Reuters, 21.Aug.2019 ) — The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian […]
Brazil Cities Paralysed As Bolsonaro Faces Strike
(AFP, 14.Jun.2019) — A nationwide strike called by Brazil’s trade unions disrupted public transport and triggered road blocks in parts of the country Friday, ahead of protests against far-right President […]