The man responsible for Petrobras’ recovery from scandal and rout could consider staying in the job after presidential elections, as long as the state-controlled producer keeps its independence under the next government.
Pedro Parente has won praise for trimming the biggest debt load in the oil industry even amid the price rout, settling a class action case with U.S. investors, and expanding Petroleo Brasileiro SA’s deep-water production fleet during a period of spending cuts. The election, set for October, is shortening Parente’s timetable to reduce leverage through asset sales and form partnerships with foreign oil majors.
“If I have the same conditions I have now, I may consider” remaining in the job, Parente said during an interview with Bloomberg TV in Davos. “What concerns me is that there is no political interference.”
Bloomberg by Sabrina Valle, and Erik Schatzker
Brazil Energy Insight 
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