The French newspaper says the situation at Petrobras is “increasingly complex and chaotic” under Bolsonaro’s government.

Business newspaper Les Echos analyzes the crisis this Tuesday (the 5th) in Petrobras’ direction, saying the company is facing an “increasingly confused and chaotic situation”. Since taking office, Jair Bolsonaro has already sacked two oil company presidents and is struggling to find a third executive six months before the election.

economic newspaper Les Echos This Tuesday (5th) analyzes the crisis in the direction of Petrobras and says the company is facing an “increasingly confused and chaotic situation”. Since taking office, Jair Bolsonaro has already sacked two oil company presidents and is struggling to find a third executive six months before the election.

Les Echos He explains that it was the more than 20% increase in fuel prices that prompted General Joaquim Silva e Luna to step down as chairman of the state-owned company at the end of March. Rodolfo Landim and Adriano Pires, who were later nominated for the posts of chairman of the board and chairman of the state-owned company, respectively, turned down the invitation.

Analysts attributed the withdrawal to pressures on applicants due to their activities in the private sector, which could raise the suspicion of a conflict of interest. With a long career in the oil industry, Pires was recently heard by the Brazilian government as an advisor to resolving the fuel price crisis. “Petrobras enters a new phase of turmoil,” in the French newspaper’s review, with this more confusing section.

Pedro Galdi, an investment analyst at asset management firm Mirae, says in the report that the impossibility of Adriano Pires taking over the helm of Petrobras complicates the government’s calculations.

The state-owned company’s situation is back on track, and Bolsonaro has just eight days to appoint new directors. If the management crisis continues, it could damage the reputation of Petrobras, which has damaged its image over the years of the Lava Jato operation.

Also, it points Les EchosIt remains unclear whether Jair Bolsonaro will intervene in the oil company’s affairs to try to control inflation before the October election, or whether he will respect the public company’s pricing policy in line with the international market.