Bolsonaro now wants Petrobras privatized
Friday, October 15th 2021 - 01:27 UTC
The President complained he was blamed for the rise in the price of fuel
Brazil's President Jair Bolsonaro Thursday hinted he might put the national oil company Petrobras up for sale after being criticized for an increase in the price of fuel. During the 2018 presidential campaign, the retired Army Captain said he would only privatize it “if there was no other solution.”
Meanwhile, Economy Minister Paulo Guedes would have no objections against selling some Petrobras stock over to private hands, according to his statements from the United States where he is participating in International Monetary Fund (IMF) and World Bank conferences. Petrobras, a state-owned company with open capital that is listed on the New York and San Stock Exchanges. Pablo.
“I already want to privatize Petrobras; I want to. I'm going to see it with the economic team, see what we can do. What happens? I can't control the price of fuel, but when it increases it's my fault. Cooking gas increases? The fault is mine!,” said the head of state in a radio interview in the state of Pernambuco, during which he vowed to stay away from Petrobras' price policy.
Economy Minister Paulo Guedes had pointed out Wednesday that it would be a wise move for the Government to sell shares of the state oil company and funnel part of the profits to the most vulnerable population, it was reported.
More:
https://en.mercopress.com/2021/10/15/bolsonaro-now-wants-petrobras-privatized