Brazil Considers Full Privatization Of Oil Giant Petrobras ...Middle East

OILPRICE - Economy
Brazil Considers Full Privatization Of Oil Giant Petrobras
source : OILPRICE ( Middle East ) () 16
The new energy minister of Brazil will study the option of privatizing state oil giant Petrobras, he said in his first news conference. "I request the beginning of the studies pending the proposal of the legislative changes necessary for the Petrobras' privatization," Adolfo Sachsida said, as quoted by Reuters. The idea of privatizing Brazil's state oil company is not new. In 2019, there were reports that the Bolsonaro government was looking to take the company fully private by the end of 2022, which is also the end of its term. "There are big…

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