RIO DE JANEIRO, BRAZIL - The Brazilian government announced Monday the replacement of José Mauro Ferreira Coelho, who held the presidency of state oil company Petrobras for 40 days and was the third in office during the current administration of President Jair Bolsonaro.
"Brazil is currently going through a difficult period due to the impact of extreme volatility of hydrocarbons in international markets," the Ministry of Mines and Energy justified the change in a statement.
"Various geopolitical factors are known to affect the price of gasoline and diesel and all energy components," the statement added.
To "maintain the necessary conditions for . . .
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