Home Business Minimal risk of disruption from Brazilian election – Petrobras CEO

Minimal risk of disruption from Brazilian election – Petrobras CEO

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There is minimal risk for investors in Brazil’s oil and gas sector despite forthcoming elections and recent political turbulence, Petrobras Chief Executive Pedro Parente said in an interview with Platts.

“Of course a new government will have its own views on how to manage the country. I do not see that they would have different views in relation to the rule of law, especially respecting contracts – and if that happened you will see that the Congress would not allow this,” Parente said.