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Per week in the past, Brazil’s state-controlled oil big Petrobras introduced it was elevating diesel costs two months after a large 24.9-percent hike that led to the downfall of its former chief govt officer. Two days later, President Jair Bolsonaro appointed a brand new Mines and Power Minister. Now, Mr. Bolsonaro is saying that Petrobras’s new CEO, José Mauro Coelho, might be on his method out, too.
After simply over a month in workplace, Mr. Coelho has misplaced his foremost supporter throughout the authorities — former head of Mines and Power, Bento Albuquerque — and is now within the crosshairs of…
Entry all of The Brazilian Report
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