Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras , a member of his ...

Petrobras Chief Executive Jean Paul Prates, who took office in January after being appointed by Lula, has said several times that he will change the company's policy, the so-called PPI, which ...

Prates, who had been CEO of Petrobras since January 2023, recently clashed with President Lula da Silva and the Ministry of Energy over the allocation of funds, visualizing the conflict between ...

Lula and Prates are playing good cop,bad cop.Lula complains about the dividend,keeps his base happy and prates keep investors happy.And Lula takes the dividend and uses for social programs.Win win.

Petrobras (NYSE:PBR) -6.9% post-market Tuesday following news that CEO Jean Paul Prates was fired by Brazil President Luiz Inacio Lula da Silva, to be replaced by Magda Chambriard, the former head ...

Prates said that the country is still suffering from “a polarized debate” about local content requirements after a massive pay-to-play corruption scandal known as Carwash embroiled the Rio de ...

Lula in his May Day speech [Photo: Screenshot/Youtube]. The government of President Luiz Inácio Lula da Silva (Workers Party - PT) and the Brazilian trade union federations used this year’s May ...

Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA, pushing her to accelerate investments in refineries and natural gas expansion ...

President Luiz Inacio Lula da Silva has never interfered in way Brazil’s state-controlled oil producer Petrobras adjusts politically sensitive fuel prices, Chief Executive Officer Jean Paul ...

When Lula nominated Prates for the CEO position, he described him as a specialist in the energy sector with 30 years experience in the oil, natural gas, biofuels and renewable energy sectors.

Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras, a member of his ...

Brazil's desire for a faster change in Petrobras' fuel pricing policy has caused friction between President Luiz Inacio Lula da Silva and the oil company's CEO, sources with knowledge of the ...