Pires says he does not want to take over Petrobras and creates an impasse for the government

According to government officers, there’s nonetheless no readability about a plan B, if Pires withdraws.

Julia Chaib, Marianna Holanda and Julio Wiziack
Brasilia DF

Businessman Adriano Pires knowledgeable Palácio do Planalto this Monday (4th) that he had difficulties to assume the presidency of Petrobras and created an impasse for the government.

According to folks linked to the state-owned firm, Minister Bento Albuquerque (Mines and Energy) was nonetheless trying on Monday afternoon to discover a resolution to persuade Pires to change his thoughts.

According to members of the government, there’s nonetheless no readability about a plan B, if Pires withdraws.

So far, Palácio do Planalto and the MME (Ministry of Mines and Energy) say they’ve not obtained any official communiqué about the withdrawal.

The economist’s determination creates an impasse for the government, which has lower than ten days to discover a substitute to preside over Petrobras.

In observe, though the trade was introduced, it might solely take place on the thirteenth, at the firm’s shareholders’ assembly, when the government presents its listing of representatives to the board.


The turmoil made Petrobras’ most popular shares, the most traded on the inventory trade, fall 0.88% on Monday, pulling the market down.

This might be the third change in control of the firm throughout the Bolsonaro administration, and it comes at a very delicate time.

After the mega-increase in gasoline prices, General Joaquim Silva e Luna got here into the crosshairs of President Jair Bolsonaro (PL), fearful about rising prices and their inflationary impact.

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The difficulty of gasoline is taken into account considered one of the most essential for Bolsonaro since final 12 months, and it acquired worse with the struggle in Ukraine. In second place in polls, he is in search of re-election in October.


To palatial, the economist alleged a potential battle of curiosity to justify his withdrawal.

One of the primary obstacles to the appointment is the incontrovertible fact that Pires is the proprietor of the CBIE (Brazilian Center for Infrastructure), based by the economist, who at the moment presides over the firm, along with his son as a associate and director of the firm.

The downside is that, beneath the State-owned Companies Law, Pires may not merely depart the firm and promote the shares to his son as a result of the relative would proceed to be a shareholder.

In different phrases, to assume the presidency of Petrobras, not solely Pires, but in addition his son ought to hand over the firm – which he does not want.


On the different hand, in accordance to Planalto allies, Pires would even be involved about potential interventions in the state-owned firm, relying on the political second.

As the Folha de S.Paulo newspaper confirmed, the nominee to change General Joaquim Silva e Luna has a robust reference to Carlos Suarez, proprietor of Termogás, which controls piped fuel distributors in areas not but served by pipelines, resembling the Federal District. He additionally turned higher recognized with the OAS S, which he helped to discovered and from which he later left.

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Last Friday, the Public Ministry of the TCU (Union Court of Auditors) filed a illustration requesting an investigation by the CGU (Comptroller General of the Union) and the Ethics Commission on a potential battle of curiosity, due to its efficiency in the sector. . The play additionally means that he solely be appointed after the case is concluded.


Prosecutor Lucas Furtado additionally tells the courtroom to examine potential government interference in Petrobras with the change in control of the state-owned firm.


The Petrobras People Committee, accountable for analyzing the nominations for the state’s high administration, additionally noticed a potential battle of curiosity in the appointment of Pires to preside over the firm.

Faced with suspicion, the mayor, Arthur Lira (PP-AL), got here out in protection of Pires this Monday.

“The agenda of the press and maybe the Public Ministry is to condemn the potential president of Petrobras, as a result of he was advising a business group. If I’m in the non-public sector, can I not work for any business group? Can I not present service?”, he requested.

“I imply, do you could have to get a civil servant to be a director of Petrobras? Or get an archbishop to be director of Petrobras?” continued Lira. “No, you could have to put somebody who understands oil, somebody who understands fuel, somebody who understands the sector, who might be judged from there on the actions.”

According to the president of the Chamber, the state of affairs reveals a “false moralism, a hasty judgment” in the actions that solely hinder the nation.

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Pires’ sign that he does not want to run the firm comes simply over 24 hours after Flamengo’s president, Rodolfo Landim, gave up his presidency of the firm’s board of administrators, claiming that he wants to dedicate himself to running the membership.

Those who comply with the oil and fuel sector, nevertheless, consider that there are different causes.

In 2021, Landim was denounced by the Federal Public Ministry for alleged fraudulent administration of investments that might have brought on losses to pension funds of workers of Petrobras, Caixa and Banco do Brasil.

It is definite that he could be questioned for this in the meeting that might consider his nomination, and he would have given up fearing the disapproval of his title.

This Monday (4), the Minister of Economy, Paulo Guedes, mentioned he was “without mild” about the disaster generated with the change of command of Petrobras.

Responsible for the appointments in the financial space at the starting of the government, he had already said that he had not participated in the selection of Adriano Pires to preside over the firm.

Guedes’ assertion was given after lunch promoted by the Voto group at a resort in the south of Rio de Janeiro. Upon getting into the automotive, the press requested him to “shed some mild” on what is occurring at the state-owned firm.

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