Every week in the past, Brazil’s state-controlled oil large 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 government 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, may very well be on his means out, too.
After simply over a month in workplace, Mr. Coelho has misplaced his principal supporter inside the authorities — former head of Mines and Power, Bento Albuquerque — and is now within the crosshairs of…
Entry all of The Brazilian Report
Already a subscriber? Log In