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International Business Times

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AFP News

Brazil's New Petrobras Chief Calls To Speed Up Oil Exploration

Petrobras Oil Brazil Magda Chambriard Luiz Inacio Lula da Silva the Amazon River Amazon

Brazilian oil and gas company Petrobras President Magda Chambriard gestures during a press conference in Rio de Janeiro on May 27, 2024 (Credit: AFP)

The new boss of Brazil's Petrobras said Monday it was crucial that the state-run company "accelerate" oil exploration, including in a controversial offshore basin near the mouth of the Amazon River.

Former regulator Magda Chambriard took over as chief executive of the oil giant on Friday, after left-wing President Luiz Inacio Lula da Silva sacked her predecessor.

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