Author: Fabiane Ziolla Menezes
Publish date: 2023-05-20 10:06:20
brazilian.report
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Petrobras changes course under Lula
Nothing that has happened in this tumultuous week for the Brazilian oil giant Petrobras comes as a surprise. Instead, it has crystallized a very clear position of the Luiz Inácio Lula da Silva government: taking the state-controlled company back to its role of absolute protagonist in the oil sector.
However, the side effects of such course changes are already becoming apparent. The pro-environment coalition that helped Lula win his third term is starting to crack.
State of play. Last week, Petrobras changed its fuel pricing policy, replacing international import parity with a “commercial strategy”…
