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Lula da Silva has big plans for Petrobras and fights back against privatization pressure

Next week's elections in Brazil pose a challenge for investors in energy giant Petrobras.

Former President socialist Luiz Inácio Lula da Silva, who polls show is the favorite, has promised to use the company as a tool for the country's development.

Current conservative President Jair Bolsonaro, who is seeking re-election, on the other hand, is proposing the exact opposite, privatizing the national colossus.

This difference is rare in this election period, where the two leading candidates have revealed little about their economic strategies.

It also makes Petrobras a double-edged sword for investors: the company is . . .

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