Brazil: Bolsonaro says he will “enter Petrobras” because the company has excessive profit

Without clarifying what kind of measure he would adopt, the president amended: "For sure, we will enter Petrobras in these issues as well. An oil company can't have 30% profit while the others have a maximum of 15% to meet the interests of I don't know who."

RIO DE JANEIRO, BRAZIL - On May 16, Brazilian President Jair Bolsonaro said he would "enter Petrobras" because the oil company, in his opinion, has excessive profit. Without further detail about the measures he intends to adopt, Bolsonaro said he does not know whose interests the state-owned company serves.

In a conversation with supporters, the president also praised the decision of Minister André Mendonça of the Federal Supreme Court (STF), which prevents the collection of different ICMS . . .

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