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China s Iranian oil buying spree crushes demand for Brazil, Angola crude
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China s Iranian oil buying spree crushes demand for Brazil, Angola crude
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.
China s Iranian oil buying spree crushes demand for Brazil, Angola crude
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RIO DE JANEIRO (Reuters) -Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among some investors threatens to drag out the transition process.
FILE PHOTO: Roberto Castello Branco, chief executive of Petroleo Brasileiro SA, attends a news conference in Rio de Janeiro, Brazil February 28, 2019. REUTERS/Sergio Moraes/File Photo
The dismissal of Castello Branco, while widely expected, is an important step in the government’s plan to place Joaquim Silva e Luna, a retired army general who has no oil and gas experience, in charge of the state-controlled oil producer.