News Formal

Petrobras new chief sworn in as market worries Brazil's government will have heavier hand

  • 📰 AP
  • ⏱ Reading Time:
  • 32 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 51%

Brazil Nyheter

Brazil Government,General News,Latin America

The head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, has been sworn in as market concerns of increased government intervention in the company mount. President Luiz Inácio Lula da Silva — who nominated Chambriard — attended the ceremony Wednesday at a Petrobras research center in Rio de Janeiro.

Magda Chambriard, the new president of the state-run oil company Petrobras, waves during her inauguration ceremony, in Rio de Janeiro, Brazil, Wednesday, June 19, 2024. Magda Chambriard, the new president of the state-run oil company Petrobras, attends her inauguration ceremony in Rio de Janeiro, Brazil, Wednesday, June 19, 2024.

Such developments have contributed to worry that the scope or tolerance for graft may return. But Rafael Schiozer, a finance professor at the Getulio Vargas Foundation, a university and think tank, said such concern about Petrobras is unwarranted. At the event on Wednesday, Lula said he wants the company to be profitable — and that profits are a boon for investments and public spending across Brazil.

“Prates clearly had a philosophy of creating value for shareholders as the company’s primary objective,” said Schiozer, adding that Chambriard appears to give greater weight to the company’s political role.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 728. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Petrobras new chief sworn in as market worries Brazil's government will have heavier handThe head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, has been sworn in as market concerns of increased government intervention in the company mount.
Källa: wjxt4 - 🏆 246. / 63 Läs mer »

Petrobras new chief sworn in as market worries Brazil's government will have heavier handThe head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, has been sworn in as market concerns of increased government intervention in the company mount.
Källa: ksatnews - 🏆 442. / 53 Läs mer »