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Petrobras CEO holds press conference during the World Economic Forum on Latin America

Petrobras’ president and CEO, José Sergio Gabrielli de Azevedo, held a press conference today (05/16) during the World Economic Forum on Latin America. During the conference, he spoke to journalists about the issues discussed in the forum, such as climate change, energetic safety, and the main challenges the energy sector will face, among others.

Regarding fuel prices, Gabrielli explained gasoline and diesel prices may be updated if the international market signals price stability. About Petrobras being excluded from the primary surplus calculation, he said this will allow the company more cash flexibility to invest. Petrobras’ CEO also emphasized that the most recent light oil discovery in ultra-deep Santos Basin waters (well BM-S-9) confirms the region’s major potential, but also stated it is not possible to estimate volumes yet.

Yesterday (04/15), Gabrielli participated in the Solving the Energy Puzzle in Latin America session, which covered themes such as energy supply in the region, investments in renewable and non-renewable energy development, and the policies for the power sector. Named Energy Community Leader 2009 in the latest World Economic Forum, held in Davos, Gabrielli chaired the Energy Security Roundtable, an event that debated the main sector issues, such as power integration, capital attractiveness, the long-term vision, and investments in the several sources of energy, among which biofuels.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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