Petrobras
Government discusses diesel subsidy adjustments after low initial adherence
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Brazil's ANP released on Thursday (2) a list of five companies that joined the first phase of the diesel subsidy program, excluding major distributors Vibra, Ipiranga, and Raízen. President Luiz Inácio Lula da Silva's government is discussing technical adjustments to attract them, as they handle half of private imports. The program aims to cushion the war in Iran's effects on fuel prices.
Petrobras resumed urea production on Thursday, 30, at the Araucária Nitrogenados S.A. (Ansa) plant in Araucária, near Curitiba in Paraná. The facility had been idle since 2020 and required a R$ 870 million investment. The state-owned company aims to cut reliance on imported fertilizers amid the sector's crisis.
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Petrobras shareholders elected a new board of directors on Thursday (16), chaired by Guilherme Mello, executive secretary of the Ministry of Planning and Budget. They also approved a R$8.1 billion dividend payout from 2025 profits.
Petrobras reported a net profit of R$32.7 billion in the third quarter of 2025, up 0.5% from the same period last year. The state-owned company announced R$12.1 billion in dividends, driven by production and export records. Year-to-date profit stands at R$94.5 billion.
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Petrobras received Ibama authorization to drill its first exploratory well in the Foz do Amazonas basin on Monday, October 20. The license sparked debates between the government's energy and environmental wings and divided Folha readers' opinions. Some support exploration for economic benefits, while others highlight environmental risks.