Bolsonaro Adviser Backs Freer Petrobras, Rules Out Privatization

If Flávio Bolsonaro wins Brazil’s presidential runoff on Oct. 25, he will give the nation’s state oil company broad freedom to reshape its portfolio while seeking to bring more private...

By Mariana Durao · Bloomberg Markets

If Flávio Bolsonaro wins Brazil’s presidential runoff on Oct. 25, he will give the nation’s state oil company broad freedom to reshape its portfolio while seeking to bring more private investment into sectors dominated by the state-controlled oil producer, according to one of his energy advisers.