Brazil's Finance Minister sees no reason to worry about Petrobras

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- Brazil's Finance Minister Fernando Haddad said there is no reason to worry about state oil major Petrobras after a recent leadership change that caused the company's shares to plummet.

"There is no need to worry about Petrobras, no radical changes are planned, and the company should execute its investment plan." "This project is not well understood," he said."I don't see any contradiction here. First, because I don't believe that oil exploitation in this region will have environmental consequences. Second, the real ecological impact of oil, in my opinion, lies not in its exploitation but in its use."

 

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