By Reuters Staff
1 Min Read
March 2 (Reuters) - The chief executive of Brazil’s state-run oil company Petrobras, Roberto Castello Branco, said on Tuesday that biofuels, especially those for the aviation industry, will be key for “de-carbonizing” transportation in the years to come, a key goal for energy transition.
Brazil, a major corn and sugarcane producer, is also a large consumer of domestic ethanol, with pure gasoline supplies being a rarity. (Reporting by Gram Slattery and Marianna Parraga Editing by Chris Reese)
Brazil's Petrobras will hold a virtual extraordinary general meeting on April 12 at which a change of chief executive and an election of new board directors will be discussed, the state-run oil firm said in a securities filing on Thursday.
Brazil s Petrobras to hold EGM on April 12, will discuss CEO change reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
1 Min Read
BRASILIA, March 10 (Reuters) - Brazil’s state-run oil firm Petrobras said on Wednesday that the government has nominated a further two individuals as potential members of the firm’s board of directors, to be voted on at the upcoming extraordinary general meeting.
This comes after Petroleo Brasileiro SA, as the company is formally known, said on Monday it had received six nominations from the Ministry of Mines and Energy and Economy Ministry.
In a securities filing on Wednesday, Petrobras said the Ministry of Mines and Energy had nominated Cynthia Santana Silveira and Ana Silvia Corso Matte.
Fuel price hikes in Brazil provoke protests by truckers and oil workers
Yesterday, Brazil’s state-run oil giant Petrobras announced it would increase gasoline prices by 8.8 percent, and diesel by 5.5 percent, in order to bring national prices into alignment with international rates. It was the sixth time in 2021 alone that the company has announced price hikes.
Fuel price hikes of 50 percent for gasoline and 40 percent for diesel since the beginning of the year are fueling growing social unrest in Brazil and deepening the crisis of the government of fascistic President Jair Bolsonaro. The fuel hikes come against the backdrop of a 30 percent plunge in the value of the national currency, the Real, against the dollar since the beginning of 2020 the sixth worst performance on the globe.