Professor Mauricio Tolmasquim, appointed last week to participate in the mining and energy group in the transition process, made the remarks after a meeting in Brasilia. A second member of the team, Senator Jean Paul Prates, said he is expected to Lula decide who will be the next president of Petrobras in early December.
Prates, who was a top energy policy adviser during Lula’s electoral campaign, is considered one of the possible candidates for the job of chief executive of the oil giant. However, his appointment to Petrobras could face regulatory hurdles, as he Prates ran for mayor of the city of Natal in 2020, which would bar him from holding the position under Brazilian law.
Lula will take office as president on January 1.
Petrobras shares also contributed to the volatility of the Bovespa index, this day UBS BB lowered its recommendation and cut the company target price.
In Brazil, Petrobras shares, meanwhile, fell more than 4% on the day, but closed close to flat, with common shares rising 0.15% and preferred shares falling 0.81%.
Source: Ambito
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