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Reuters
Reuters
Business

Everything about Petrobras will be discussed with markets, says member of Lula's team

FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo

Brazil's incoming government has no intention of causing a "breakdown" of state-run oil giant Petrobras, a member of the transition team said on Thursday, adding that "everything" would be discussed with markets and investors.

Senator Jean Paul Prates, tapped for President-elect Luiz Inacio Lula da Silva's transition team on mining and energy, said that changing the company's current dividend policy was something to be gradually discussed.

He noted that the incoming administration - and not Petrobras itself - would set a new fuel pricing policy for the country. Leftist Lula is set to take office from President Jair Bolsonaro on Jan. 1.

FILE PHOTO: Brazil's President-elect Luiz Inacio Lula da Silva attends a meeting with Portugal's President Marcelo Rebelo de Sousa (not pictured) and Mozambique's President Filipe Nyusi (not pictured), at Belem Presidential palace in Lisbon, Portugal, November 18, 2022. REUTERS/Rodrigo Antunes/File Photo

(Reporting by Ricardo Brito; Editing by Steven Grattan)

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