The change in oil policy was the main reason for the coup against former President Dilma Rousseff and Lula’s political arrest
247 – O Globo newspaper, which led the campaign for the 2016 coup against former President Dilma Rousseff and the political imprisonment of former President Lula, phenomena that allowed Petrobras to change course, in order to divert income from Brazilian oil. To international and local financial capital, already pressuring the future government not to touch the state-owned company, which has become one of the world’s largest profit-payers for its private shareholders, to the detriment of Brazilian society.
“It seems that Petrobras’ business plan for the period 2023-2027 has already been stillborn. The proposal of the state-owned company is to keep focusing on the most profitable areas, production and exploration, with an investment of 78 billion US dollars in the period. It remains in the background refineries (two sold Of which already) and renewable energy sources. However, the intention of the next government is to overturn priorities, and the possibility of returning the entire plan is not excluded. Starting in January, the search for a financial return for shareholders – the union, the largest – will lead to the use of the company by Planalto to start political projects The globe in one editorial Which considers investing in refineries, which is essential for any large oil company, to be a “political” project.
A review of Petrobras’ pricing policy, which coup leader Michel Temer implemented shortly after the 2016 coup, will be one of Lula’s main challenges. This policy led to inflation, hunger, deindustrialization, increased inequality and tax disregulation in the fuel sector.
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.