Brazil’s President Does not Rule Out the Privatization of Petrobras

Jair Bolsonaro said that all kinds of studies for privatizations had been carried out, but he is waiting for Guedes' proposal. The company's potential sale has pushed the oil company's shares up almost six percent on Wednesday's session of the stock exchange.

RIO DE JANEIRO, BRAZIL - President Jair Bolsonaro did not rule out the possibility of privatizing Petrobras, but said he would assess the proposal to be submitted by Economy Minister Paulo Guedes, and determine the measure's "cost-benefit".

"The aim is to open up Brazil," he said in a conversation with journalists outside the Palácio da Alvorada.

"The government studies everything, we must prepare for anything," he said. "Everything . . .

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