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HomeGlobalJair Bolsonaro fired the president of the Brazilian state oil company Petrobras

Jair Bolsonaro fired the president of the Brazilian state oil company Petrobras

The Brazilian president, Jair Bolsonaro, determined that General Joaquim Silva e Luna, will cease to be the head of the state oil company Petrobrasheaded by the economist Adriano Pires.

The decision to change the management of the oil company came after the president repeatedly criticized Silva e Luna for the increase in fuel in line with the rise in oil at the international level.

The future president of Petrobras should be Adriano Pires, director of the Brazilian Infrastructure Center, who was working as an informal adviser to the Ministry of Mines and Energy.

Jair Bolsonaro with the deposed president of Petrobras, Joaquim Silva e Luna, Photo: AFP

Pires shares the current pricing policy but, at the same time, defends the application of government funds so that the rise does not reach consumers directly.

This position is closer to that of Bolsonaro, whose priority at the moment is to prevent the increase in inflation, which in February exceeded 10% accumulated in the last 12 months, a fact that can impact the mood of voters in the elections. October.

Pires’ position would not be to the liking of the Economy Minister, Paulo Guedes, because will affect the fiscal austerity policyreported today the newspaper Valor Economico.

If Pires’ future nomination is confirmed, he will be the third president of Petrobras since President Bolsonaro came to power in 2019.

A Petrobras service station in Rio de Janeiro.  Foo: REUTER

A Petrobras service station in Rio de Janeiro. Foo: REUTER

The formal departure of Joaquim Saailva e Luna must occur within 2 weeks when the Ordinary Assembly of the company meets and the new Board of Directors is formed.

Petrobras is a publicly traded state-owned company with shares listed on the New York and São Paulo stock exchanges. In this sense, the Ministry of Mines and Energy reported that the government has defined the names that it will propose to integrate the next Board of Directors.

Within that list of names, General Silva e Luna does not appear, and that of Adriano Pires appears, who, in addition, is proposed to occupy the future presidency of the oil company.

The retired general, Silva e Luna, had assumed less than a year ago at the head of the oil company and last week declared that he was not willing to resign from the position.

Silva e Luna defended the increase in diesel by almost 2% and gasoline by almost 19%due to the rise in the barrel of oil due to the war in Ukraine.

Source: ANSA

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