Brazil’s President Jair Bolsonaro, accompanied by Protection Minister Fernando Azevedo, left, arrives to attend a ceremony to commemorate the eightieth anniversary of the Air Drive, on the Air Base headquarters in Brasilia, Brazil, Wednesday, Jan. 20, 2021.
RIO DE JANEIRO (AP) — Brazilian President Jair Bolsonaro on Friday tapped a retired common to switch a market-friendly economist who has been CEO of state-run oil big Petrobras for the reason that starting of 2019.
In selecting former Protection Minister Joaquim Silva e Luna to take over from Roberto Castello Branco, Bolsonaro is looking for to enchantment to truck drivers, who threatened to go on strike at first of the month on account of latest will increase in gasoline costs.
Bolsonaro had stated in a stay broadcast Thursday that he would make modifications at Petrobras, which is 50.26% owned by Brazil’s authorities. He additionally promised to finish federal taxes on diesel gasoline over the following two months.
If confirmed by Petrobras’ board, Luna would change into the primary navy man to carry the place on the oil firm since 1989.
Petrobras shares fell 6.6% on the Sao Paulo Inventory Alternate on Friday as traders anticipated a change within the administration of the oil big.
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