Bolsonaro’s nominee to run Petrobras stresses need for “balance” in fuel pricing

Reflecting on his background in the military and government service, Luna said he would be “a manager and not a general” at Petrobras. “My profile is to deliver results,” he added.

RIO DE JANEIRO, BRAZIL - Brazilian President Jair Bolsonaro’s nominee to lead state-run oil company Petrobras said on Saturday, February 29th, the company needs to find “balance” in fuel pricing, considering the impact on shareholders, investors, sellers and consumers.

Joaquim Silva e Luna, a retired army general and former defense minister overseeing the state-run Itaipu hydroelectric dam on the border with Paraguay and Argentina since 2019, was tapped on Friday to be the next . . .

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