Amid the geopolitical crisis, which is upping fuel prices, Brazil’s state-owned giant Petrobras has appointed an interim chief executive officer (CEO), which is expected to spearhead the firm until a new CEO takes over the steering wheel.
Brazilian President Jair Bolsonaro complained that Bolivia s state-owned oil company Yacimientos Petróliferos Fiscales Bolivianos (YPFB) funneled 30% of the gas that was to be sold to Brazil and sent it to Argentina as a part of an “orchestrated plan” against him and added Petrobras was behind it.