In a letter sent to Minister of Mines and Energy Bento Albuquerque, Pires expressed his gratitude for the invitation but said his professional consulting activities prevent him from assuming the position.
Brazil’s oil production in February shrank 3.8 percent from January and rose 3.5 from February 2021.
Guedes said he personally favored privatizing the oil company, but added the final decision is for the country’s president to make.
The company said it should deliberate on the nomination of Adriano Pires de Andrade for the presidency of the company in the next general meeting, on April 13.
Petrobras today released a note to the press defending the increase in fuel prices. The move aims to lower shortage risks, the Brazilian state-run company declared.
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