Brazil’s state-controlled oil firm Petroleo Brasileiro SA is under increasing pressure to change its pricing and investment strategy as dissatisfaction with the company’s chief executive officer grows within President Luiz Inacio Lula da Silva’s government, according to people familiar with the situation.
Lula and some members of his administration have pushed Petrobras CEO Jean Paul Prates to more closely align the company with government efforts to fight inflation and boost Brazil’s economy, according to the people, who requested anonymity to discuss internal matters.
