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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Petrobras’ new president, Pedro Parente, said on Thursday, June 2nd, during his swearing in ceremony that to improve the company's performance, the oil giant needs to restore its credibility and recover its economic, financial and social responsibilities. The new CEO also said he supports the oil giant’s disinvestment plans and a revision of the requirement of Petrobras participation in pre-salt exploration.

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