Lula Criticizes Central Bank Chief Campos Neto, Petrobras Dividend yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) President Luiz Inacio Lula da Silva will demand that Petrobras’ chief executive officer explain his handling of a dividends crisis that wiped out $11 billion of the state-owned oil company’s market value last week, as well as its plans to accelerate investment projects he considers essential to boost Brazil’s economy.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Takes a Breather Before Inflation Data: Markets WrapThese Are the Be
Brazil's Petrobras mulls Mubadala refining partnership hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
Brazilian state-run oil
company Petrobras said it will analyze a proposal
from Abu Dhabi sovereign investor Mubadala on creating a
strategic refining and biorefining partnership in the
northeastern.
Biodiesel Mix: The measures bolster the prospects of the Brazilian oilseed crushing industry, which has grappled with idle capacity averaging 50% in recent years, as about 70% of the country s biodiesel is produced from processed soybeans. The CNPE, according to Mines and Energy Minister Alexandre Silveira, set the local mandatory biodiesel blend into diesel at 14% from March 2024 and 15% starting 2025, up from the current 12%.