1st July 2022

The CEO of Brazil's state-owned oil company Petrobras, who has stayed in his post despite being fired by Jair Bolsonaro in May, resigned recently after a new fuel price hike that enraged the far-right president.


Jose Mauro Coelho is the third Petrobras CEO to leave since February last year in a stand-off between the company and Bolsonaro over fuel prices.


Petrobras announced Coelho's resignation recently.


The company said Fernando Borges -- its head of exploration and production -- would take over temporarily until government pick Caio Paes de Andrade, an economy ministry official, assumes the top job.


Coelho was appointed for a one-year term in April after Bolsonaro fired his predecessor Joaquim Silva e Luna in March after slightly more than a year in the post.

leave a comment

Create Account

If you have already registered , please log in

Log In Your Account

Download The Anniversay 2018