Bolsonaro Adviser Backs Freer Petrobras, Rules Out Privatization

EXCLUSIVE Bolsonaro Adviser Backs Freer Petrobras, Rules Out Privatization If Flávio Bolsonaro wins Brazil’s presidential runoff on Oct. 25, he will give the nation’s state oil company broad freedom to reshape its portfolio while seeking to bring more private investment into sectors dominated by the state-controlled oil producer, according to one of his energy advisers. “What has been discussed about Petrobras is that it won’t be privatized. Period,” Alexandre Chequer, an energy lawyer advising Bolsonaro’s campaign, said in an interview in Rio de Janeiro. Privatizing the company was previously considered when Jair Bolsonaro, Flávio’s father, was Brazil’s president for four years until 2023.