Bolsonaro Approached Castello Branco About Being Petrobras CEO

October 30, 2018

World Energy Reports LLC.

Brazilian President-elect Jair Bolsonaro's team approached Roberto Castello Branco, a former board member at state-controlled Petroleo Brasileiro SA (Petrobras), about the possibility of his becoming its new chief executive, two people with knowledge of the matter said on Tuesday.

The sources, who asked for anonymity because they were not authorized to speak on the matter publicly, said Castello Branco initially turned down the idea. Bolsonaro's main advisers did not immediately comment on the matter.

Castello Branco had recent meetings with the Bolsonaro team led by incoming Finance minister Paulo Guedes to discuss oil and mining issues, given his prior experience. Castello Branco has also been director at miner Vale SA.

The sources said that while Castello Branco did not commit immediately to the Petrobras post, he said he was willing to contribute to the elected government.

Castello Branco, currently a professor at Fundação Getulio Vargas (FGV), has a PhD from the University of Chicago, where Guedes also studied.

(Reporting by Marta Nogueira and Alexandra Alper. Additional reporting by Luciano Costa; Writing by Tatiana Bautzer; Editing by Peter Cooney and James Dalgleish)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial