Brazil - 01

Brazil: PPSA Board Changes: Alignment with the Temer Administration

On 16 November the government announced several changes to the board of PPSA, the state-owned company that represents the government’s interest in managing pre-salt contracts and unitization agreements. The PPSA is also responsible for marketing the state’s share in oil and gas produced in these areas. Ibsen Flores Lima, a former Petrobras executive, was appointed as director-president, replacing Oswaldo Pedrosa. A number of other board members were also replaced…

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