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International Business Times
International Business Times
Business
AFP News

Chief Of State Oil Company Dismissed In Brazil

Petrobas CEO Jean Paul Prates (L) speaks during the CERAWeek oil summit in Houston, Texas in March 2024 (Credit: AFP)

The CEO of Brazil's state oil company Petrobras has been sacked, the government announced Tuesday.

The move follows a recent spat between Petrobras and shareholders over dividend payments, which heightened concerns about the government's influence in the publicly traded company's decision-making.

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