Lula Pressures New Petrobras CEO to Accelerate Refinery and Gas Investments

Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA Petrobras , pushing her to accelerate investments in refineries and natural gas expansion, according to anonymous sources who spoke to Bloomberg. This leadership change follows Lula 's dismissal of former CEO Jean Paul Prates amid dissatisfaction with his handling of the company's strategic plan.

Despite her close ties to the government, Chambriard faces significant challenges in balancing the interests of private shareholders, government directives, and consumer sensitivities to fuel price changes. Refinery expansions in the region are notoriously prone to delays and cost overruns, complicating the push for swift investment execution. Chambriard's agenda includes navigating Petrobras's role in petrochemical producer Braskem, where the company is the second-largest shareholder.

Lula Prates Chambriard Refining Natural Gas Jobs

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chelsea points deduction: Ex-PL CEO shares new verdict – ‘something doesn’t seem quite right’The inside track on the football stories that matter
Source: footyinsider247 - 🏆 53. / 63 Read more »

Criminal Justice Bill: Charity CEO slams proposals to reintroduce powers to prosecute homeless under new plansThe CEO of a charity supporting the homeless in Yorkshire has slammed planned government proposals to reintroduce powers to prosecute people rough sleeping or begging.
Source: The Yorkshire Post - 🏆 39. / 66 Read more »

Unity appoints former EA and Zynga exec as new CEO, following pricing controversies and layoffsVictoria developed a deep love for video games watching her brothers barrel their way through Goldeneye 007. She will unashamedly spout forth all sorts of niche Zelda lore to anyone who will listen (and even at times to those who won't), and makes the best pancakes you have ever seen.
Source: eurogamer - 🏆 68. / 61 Read more »

New principal and CEO is appointed at Telford CollegeTelford College has appointed a new principal and chief executive to succeed Graham Guest, who is leaving his role at the end of the academic year.
Source: shropshirelive - 🏆 55. / 63 Read more »

Detecting drift and dealing with the Silicon Valley mindsetPulumi's CEO on new products and that other Infrastructure as Code company
Source: TheRegister - 🏆 67. / 61 Read more »

Todd Cantwell on needing Norwich change & Rangers pressuresTodd Cantwell on needing a change from Norwich & pressures of Rangers title race.
Source: SunScotNational - 🏆 49. / 63 Read more »