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International Business Times
International Business Times
Business
AFP News

EXPLAINED: Chief of state oil company dismissed in brazil | Vintage Vibes

Petrobas CEO Jean Paul Prates (L) speaks during the CERAWeek oil summit in Houston, Texas in March 2024 (Credit: AFP)

The CEO of Brazil's state oil company Petrobras has been sacked, the government announced Tuesday.

The move follows a recent spat between Petrobras and shareholders over dividend payments, which heightened concerns about the government's influence in the publicly traded company's decision-making.

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