Petrobras CEO Says No More Political Interference in Oil Company

Petroleo Brasileiro SA’s new Chief Executive Officer Pedro Parente said political interference has ended in the state-run oil producer and that fuel price decisions will now be made according to the company’s best interests.

A solution to Petrobras’s debt, the largest in the industry, includes selling part of its assets, he told reporters after his swearing-in ceremony in Brasilia, led by Acting President Michel Temer.

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