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Petrobras Heads for Two-Month Business Plan Review Under Lula
(Bloomberg) — Petrobras’s new administration need to have out a two-thirty day period evaluate of the oil giant’s business enterprise program to carry it more into line with Brazilian President-elect Luiz Inacio Lula da Silva’s broader policy objectives, in accordance recommendations from Lula’s transition staff. Most Browse from Bloomberg The power gurus who labored on Lula’s changeover concluded that Petrobras’s current $78 billion five-year strategic approach is inadequate to construct out priorities these as refining and biofuels, in accordance to a human being common with the team’s formal coverage tips. The team also phone calls for congress to approve a stabilization fund to simplicity rate shocks during occasions these as…