{"id":197774,"date":"2021-10-18T12:00:04","date_gmt":"2021-10-18T11:00:04","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=197774"},"modified":"2021-10-17T06:33:37","modified_gmt":"2021-10-17T05:33:37","slug":"bolsonaro-wants-to-privatize-brazils-state-owned-petrobras","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2021\/10\/bolsonaro-wants-to-privatize-brazils-state-owned-petrobras\/","title":{"rendered":"Bolsonaro Wants to Privatize Brazil&#8217;s State-Owned Petrobras"},"content":{"rendered":"<div class=\"subtitle\">\n<blockquote><p>15 Oct 2021 &#8211; Brazilian<em> President Jair Bolsonaro declared yesterday that he wants to privatize state-owned Petrobras as he authorized the entry of US military forces for exercises next month.<\/em><\/p><\/blockquote>\n<div id=\"attachment_197775\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2021\/10\/petrobras-brasil-brazil-bolsonaro.webp\" ><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-197775\" class=\"wp-image-197775 size-full\" src=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2021\/10\/petrobras-brasil-brazil-bolsonaro.webp\" alt=\"\" width=\"600\" height=\"340\" srcset=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2021\/10\/petrobras-brasil-brazil-bolsonaro.webp 600w, https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2021\/10\/petrobras-brasil-brazil-bolsonaro-300x170.webp 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-197775\" class=\"wp-caption-text\">Brazil has the world&#8217;s largest natural gas reserves but the dismantling of Petrobras, which began when the US DOJ-backed Lava Jato operation began crippling strategic sectors of Brazilian industry, has left the company without enough production facilities to process it.<br \/>| Photo: Twitter\/@BrianMteleSUR<\/p><\/div>\n<p>Paulo Guedes, Minister of Economy, suggested the day before yesterday that the government could sell part of its controlling stake in the state-owned oil company to supposedly finance welfare programs.<\/p>\n<p>Petrobras&#8217; preferred shares rose two percent after the president&#8217;s comments, before lowering\u00a0to just one percent.<\/p>\n<blockquote><p><em><strong>RELATED: <\/strong><strong><a href=\"https:\/\/www.telesurenglish.net\/news\/Brazilian-Parliament-Approves-the-Privatization-of-Eletrobras-20210520-0023.html\"  target=\"_blank\" rel=\"noopener\">Brazilian Parliament Approves the Privatization of Eletrobras<\/a><\/strong><\/em><\/p><\/blockquote>\n<p>&#8220;I want to privatize Petrobras. I will review with the economic team what we can do about it, because I cannot control the company, I cannot direct gasoline prices, but when it goes up it is my fault,&#8221; Bolsonaro argued in a radio interview.<\/p>\n<p>The president had been against the privatization of Petrobras, calling the company &#8220;strategic&#8221; for the country&#8217;s interests.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The largest state-owned Brazilian oil company, Petroleo Brasileiro S.A. (Petrobras), may be privatized, Brazilian President Jair Bolsonaro said on Thursday.<a target=\"_blank\" href=\"https:\/\/t.co\/JM4xXYBdUv\" >https:\/\/t.co\/JM4xXYBdUv<\/a><\/p>\n<p>&mdash; Hindustan Times (@htTweets) <a target=\"_blank\" href=\"https:\/\/twitter.com\/htTweets\/status\/1448851327275003904?ref_src=twsrc%5Etfw\" >October 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, the oil company has become a hot political issue, as energy costs raised inflation for Brazilian consumers to double digits, affecting Bolsonaro&#8217;s popularity ahead of next year&#8217;s presidential elections.<\/p>\n<p>Bolsonaro similarly signed a decree that &#8220;authorizes the entry and temporary stay of U.S. military forces in the national territory for participation in the training exercise&#8221; from November 28 to December 18, in the Para\u00edba Valley region, between the municipalities of Resende (Rio de Janeiro, southeast) and Lorena (S\u00e3o Paulo, southeast).<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.telesurenglish.net\/news\/Bolsonaro-Wants-to-Privatize-Brazils-State-Owned-Petrobras-20211015-0021.html\" >Go to Original &#8211; telesurenglish.net<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>15 Oct 2021 &#8211; Brazilian President Jair Bolsonaro declared yesterday that he wants to privatize state-owned Petrobras as he authorized the entry of US military forces for exercises next month.<\/p>\n","protected":false},"author":4,"featured_media":197775,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180],"tags":[1003,547,239,541,2707,1287],"class_list":["post-197774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brics","tag-brasil","tag-brazil","tag-brics","tag-latin-america-caribbean","tag-petrobras","tag-privatization"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/197774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=197774"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/197774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/197775"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=197774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=197774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=197774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}