The Brazilian government has nominated Pietro Mendes for another term as chairman of Petrobras, set to be elected by shareholders on April 16. Petrobras is involved in oil, natural gas, and energy sectors, covering a variety of operations from exploration to distribution.
On March 13, 2025, Brazilian state-run oil company Petrobras announced that the government has nominated Pietro Mendes for another term as chairman. This announcement came amidst the company’s ongoing process to nominate board members from its shareholders. Petrobras shareholders are set to hold a meeting on April 16 to elect the new board of directors.
Petrobras, officially known as Petroleo Brasileiro S.A., is involved in various sectors of the oil, natural gas, and energy industries. Their operations include exploration, drilling, refining, and transporting crude oil from both onshore and offshore fields. The company also produces and trades natural gas and biofuels, alongside managing logistics and marketing of these resources.
Additionally, Petrobras includes several segments in its operations. These sectors encompass Exploration and Production, Refining, Transportation and Marketing, Gas and Power, Biofuels production, and Distribution through its subsidiary Petrobras Distribuidora S.A.
The Brazilian government has nominated Pietro Mendes for a continued leadership role as chairman of Petrobras, with shareholder elections scheduled for April 16. Petrobras plays a crucial role in the oil and gas industry, participating in various activities from exploration to distribution, encompassing a broad spectrum of energy operations.
Original Source: www.marketscreener.com
