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December 12, 5924

How Will a Change in Leadership Affect Brazil’s Petrobras?

Magda Chambriard, the former head of Brazil’s oil and gas regulator, was tapped by Brazil’s president as the new chief executive officer of state-run oil company Petrobras. // File Photo: Brazilian Government.

Q

A

Mark S. Langevin, senior advisor at Horizon Engage: “Prates’ departure had less to do with dividends than his disconnection with President Lula’s inner circle. Indeed, Chief of Staff Rui Costa found the former CEO aloof and difficult to engage over issues related to project roll out such as the reactivation of the Araucária fertilizer plant in Paraná. Prates, who controlled the pace of project development, failed to reach the speed expected by Lula, Costa and Mines and Energy Minister Alexandre Silveira. As the nation’s largest domestic investor, the pace of Petrobras’ job-creating projects is always a political issue, often overshadowed by…”

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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
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board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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