The Brazilian government is planning to move a step closer to the privatization of oil major Petrobras by including it in its privatization program, Reuters has reported, noting that analysts still remain skeptical that privatization will take place. President Jair Bolosonaro, who is seeking re-election later this year, has been highly critical of Petrobras and its management, changing as many as three chief executives in just the past year or so.
Earlier this week, the Brazilian President suggested splitting Petrobras into several parts before…Brazil Moves Closer To Petrobras Privatization
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