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Bolsonaro says in a live interview that he is in favor of privatization of Petrobras: See his proposals

Paulo Nogueira
15-01-2018 17:58:28
in Uncategorized
Bolsonaro is in favor of privatization of Petrobras

He refers to the Golden Share modality, adjusting taxes and duties at Petrobras is also his goal to reduce fuel prices

[supsystic-social-sharing id='1′]Bolsonaro have a firm position on the Petrobras in case he arrives at presidency in 2018, the privatization of the state-owned company under the Golden Share regime, he also has plans to reduce the tax burden on fuel, which today is one of the most expensive in the world, Watch an excerpt from the interview granted to Rede TV on January 12, 2018 talking about:

Bolsonaro's interview with Rede TV 01/12/2018

But what is Golden Share?

Golden Share with regard to privatization, it works as follows: Although governments can privatize their state-owned companies, consequently at leaving it to the private initiative, the government still has some strategic control over the companies. Among these controls, even barring corporate decisions, if the Union felt that this would affect national sovereignty. Examples of Brazilian state-owned companies privatized under this regime are Embraer, Vale and Instituto Resseguros do Brasil (IRB). With this power in hand, the president says he can make a great economic injection into the country and still protect the national workforce.

Would Privatization Decrease the Value of Fuel?

According to the deputy, releasing the state-owned company to the private sector, the technological and operational demands that companies need became cheaper for the large oil companies that already operate in Brazil. Naturally, this cost would be included in the final price of the fuel. Nowadays, our neighbors in South America sell their fuels almost 3 times cheaper than ours, oddly enough, most of these countries receive oil from Brazil, but due to the high tax burden, the common Brazilian citizen ends up paying more than it should for the liter of “gasoline”, in the words of the Jair Messias Bolsonaro.

The fact is that the Petrobras has been going through difficult times in the last 4 long years, but with its business plans, which were actually contingency plans, it has been slowly recovering. It has been opening some tenders and public tenders in recent months. Check out some of his achievements in the Menu above on this page in the search field or in the related publications below.

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Paulo Nogueira
With technical training, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.