Find out who Jean Paul Prates is, who will take charge of Petrobras

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Appointed as a ‘favorite’ since the transition, Prates argues that the state invests more in refining and renewable sources. He is critical of the company’s current dividend distribution policy. Senator Jean Paul Prates (PT-RN), during a session at the Senate Roque de Sá/Agência Senado Former Senator Jean Paul Prates was confirmed this Thursday (26) as the new president of Petrobras. The Board of Directors of the state-owned company approved the name of Prates to assume the position on an interim basis (temporary). The definitive nomination depends on the approval of the Shareholders’ Meeting, which should meet in April. Prates had already been announced as President Luiz Inácio Lula da Silva’s (PT) chosen one for the position in December, at the end of the transition. Even before, he was already named as a favorite. See below who he is and what Jean Paul Prates thinks: The new president of the oil company is: lawyer, economist, environmentalist, entrepreneur and union leader, according to his own biography. He has over 25 years of work in the fields of oil, natural gas, biofuels, renewable energy and natural resources. In the oil area, he participated in the legal advisory services of Petrobras Internacional (Braspetro), in the late 1980s. In 1991, he founded the first Brazilian consulting company specialized in oil. Prates also worked in the regulation of the oil, renewable energy, biofuels and infrastructure sectors in the governments of Fernando Henrique Cardoso and Lula. He was also Secretary of State for Energy and International Affairs of Rio Grande do Norte. In 2014, he was elected first alternate to Senator Fátima Bezerra (RN) for the period 2015-2022. In January 2019, he took over as senator for Rio Grande do Norte, with the election and inauguration of Bezerra. As a senator, he was vice-president of the Parliamentary Front for Micro and Small Enterprises and the Front in Defense of Petrobras. Prates studied law at UERJ and economics at PUC/RJ. In the United States, he received a master’s degree in Energy Planning and Environmental Management from the University of Pennsylvania. In France, he completed a master’s degree in Petroleum and Engine Economics at the French Petroleum Institute. Botafoguense, he was director of football at Alecrim Futebol Clube in 2015. Ana Flor: Future president of Petrobras should take action in line with the government What does Prates think At the end of December, in an interview after meeting with Lula in Brasília, Prates defended a change in policy adopted by Petrobras to define fuel prices. In one of his speeches, Prates said that the state-owned company needs to go beyond exploring the pre-salt layer and paying dividends to shareholders. “[A Petrobras] it is a long term company. A long-term company cannot just extract pre-salt from the bottom of the sea and distribute dividends, it needs to think about things that all other oil companies are thinking about”, he said at the beginning of the month. He defends that the state-owned company should reduce its distribution of dividends to reinforce the company’s cash and leverage investments, especially in refineries, a strategy abandoned by the current management. the world. Prates, during the transition, also defended that the elected government propose a mechanism to cushion fuel prices in times of high oil prices. According to the PT, one of the possibilities would be the implementation of a “cushioning mattress”, that is, the institution of a subsidy so that the amounts charged to consumers can be lower. He is also critical of Petrobras’ current pricing policy , linked to the variation of the dollar and the price of a barrel of oil in the international market. However, he promised that there will be no interventionist measures at Petrobras. He said the changes will be discussed by the board of directors. VIDEOS: political news

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