Castello Branco takes over the chairmanship of Petrobras condemning the monopoly | New

Roberto Castello Branco received the badge of the current president, Solange Guedes, and was inaugurated as the new president of Petrobras.

Two ministers participated in the inauguration, but that of the economy, Paulo Guedes did not speak. Admiral Bento Albuquerque of Mines and Energy spoke about the fuel price policy. He said that the government would not intervene, but that the prices should be reasonable for the population.

"The government will not interfere in this area.This is not healthy for business or for people.But we need a perfect balance between a fair compensation for business and reasonable prices for the company, "he said.

The new president of Petrobras also spoke about the fuel price policy. Roberto Castello Branco said the prices would continue to follow the changes in the international market.

"Fuel prices must respect international parity with an absolute refusal of subsidies and a categorical refusal of the attempt to exercise a monopoly power".

Roberto Castello Branco is an economist and holds a post-doctorate from the University of Chicago. He has also held senior positions at the Central Bank and Vale.

In his speech, he recalls the time when he sat on the board of directors of Petrobras in 2015 and 2016, when the company had to face the consequences of Lava Jato.

"The society was ransacked by a criminal organization of corrupt politicians, capitalist capitalists, and a small group of officials, Petrobras is now much better than 2015. He was saved from relegation to the second division, but there is still much to be done to be a champion, a new era begins, "he said.

Roberto Castello Branco said that Petrobras would continue its divestment program, ie the sale of badets to focus on what is most powerful in the company: oil exploration and production in deep waters.