From National Pride to International Take-Down

by Marcus Vinicius Tenente Ahmar


Although its stocks are negotiated in the international markets, Petrobras is a Brazilian oil company mostly owned by the Brazilian Treasury. The company was founded in 1953 by former president Getulio Vargas to provide the government with oil production security.[i] Oil security would assure the country’s industrial progress in a complex geopolitical environment after the Second World War.

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