Explaining Brazil #191: Petrobras merry-go-round spins again

With inflation weighing down his chances of winning a second term, President Jair Bolsonaro has nixed the CEO of Petrobras. Again

The government announced that it would be replacing Petrobras CEO Joaquim Silva e Luna. While the timing of the announcement didn’t seem to be entirely by chance, the switch was weeks in the making. President Bolsonaro had grown furious at Mr. Luna e Silva since Petrobras announced massive fuel price rises on March 10.

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  • Ana Ferraz is a journalist specialized in global affairs and economics. She previously worked at the Italian News Agency ANSA and has been published by multiple Brazilian outlets.
  • Gesner Oliveira is an economist and holds a Ph.D. from the University of California/Berkeley. He is a professor of infrastructure and environmental solutions at think tank Fundação Getulio Vargas.

This episode used music from Uppbeat. License codes: F18NGPOIMPUVA2EC, ONOPHCAPHF83FGLF, BZZ2TJYQEU3SFXZG.

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