Petrobras

It's basically, it's what? Bank Itaewoo, it's Bank of Bradesco.

Petrobras, Valley, a few other ones.

But anyway, it is the ETF that goes nowhere.

It does pay a dividend, but...

It's basically...

It's what? Bank Itaú, it's Banco Bradesco, uh, uh, you know, um, uh, Petrobras, uh, Valley, you know, a few other ones.

But, um, anyway, it's, it is the ETF that goes nowhere.

It does pay a dividend but, um, you know, it pays what? 3, 4% a year or something like that.

Forza Italia still exists, although it is a shadow of its former self.

Jair Bolsonaro won the Brazilian presidency in 2018 on a wave of legitimate anger at a political class that had, through the Petrobras scandal and Operation Car Wash, managed to implicate almost every major party in systemic corruption.

He was a former army captain who had spent 27 years in Congress achieving almost nothing.

He expressed open admiration for Brazil's military dictatorship, which held power between 1964 and 1985, and offered the exhausted, furious Brazilian electorate the familiar package.

Eu fiz um concurso pra trabalhar numa siderúrgica, que era a Cosipa, que fica em Cubatão, em São Paulo, e fiquei durante muito tempo lá, em, nessa-- três anos nessa siderúrgica.

E em 90 apareceu uma oportunidade de fazer mestrado em Engenharia de Petróleo na Unicamp com bolsa da Petrobras.

E, e eu passei nesse concurso também da, que era Petrobras com Unicamp pra fazer mestrado.

Eu já tinha uma inquietação, assim, né, de estudar um pouco mais, entender um pouco mais das coisas, mas não tinha estudado petróleo ainda.

Na Unicamp estudei muito petróleo, desde coisas bem elementares assim, né, geologia, geofísica e tal, até coisas mais, hã, que eu-- pra onde eu fui me direcionando, que é pra processo, né, separação primária de petróleo.

É um assunto de Economia.

E fui estudar, e durante o meu doutorado, que eu fui estudar exatamente isso, como é que funcionam esses três-- essas três grandes regras que regem a, a indústria brasileira de petróleo.

A regra de conteúdo local, a regra de PDI e a regra pela qual a Petrobras compra.

Closing that gap doesn't require abandoning energy sovereignty, the two can coexist, but it does demand structural agility.

The recent Deepwater Cooperation Agreement with Petrobras points in the right direction, though concrete capital decisions remain some way off.

Consequently, the government is finding it increasingly difficult to continue supporting Pemex without endangering the country's investment-grade rating.

this pressure will undoubtedly force the government to consider adjusting the contractual framework to allow greater investment by private operators regional competition for capital intensifying the third front is geographical mexico is no longer competing against itself but with at least fourteen other countries which this year have had open bidding rounds for the same capital In this regard, Venezuela and Argentina stand out.