The chief govt of Petrobras has been fired following tensions with the leftwing Luiz Inácio Lula da Silva administration, which has sought to exert larger affect over the state-controlled oil main.
Jean Paul Prates provided his resignation to the board of the $108bn-valued firm, Petrobras mentioned on Tuesday night.
The choice to switch the highest supervisor of Latin America’s largest oil producer was taken by the federal government, in response to two folks with direct data of the matter.
Prates is a politician from the identical celebration as Lula and was appointed to the job after the leftist’s election victory in 2022.
Petrobras’ American depositary receipts had been down 6 per cent in after-hours buying and selling following the information.
