Wednesday, 27 August 2025

AI and the Future of Jobs: How Artificial Intelligence Is Reshaping Employment and Entry-Level Opportunities

This article explores the use of AI-driven automation of tasks, the decrease in entry-level jobs for recent graduates, and new adaptive strategies. The synthesis shows how AI reshapes functions, heightens the early-career divide, and creates new areas needing human-AI collaboration. Recommendations are made regarding policy and education for just workforce shifts.


1. The Brave New World

Automation and augmentation create new opportunities as they reshape balance between work and leisure. Far from the assortment of benefits and challenges video collections pose, the most striking feature is the quiet transformation in the way parents of today’s college children approach job hunting. The article works through those changes and attempts to address them constructively.


2. AI and Job Market

2.1 Automation Trends and Job Reconfiguration

The video “How AI Impacts the Labor Market – Will Your Job Be Affected?” (https://www.youtube.com/watch?v=RNGjQrCJXDQ) highlights widespread automation across sectors, from repetitive tasks to decision-support systems, which reconfigures the nature of work rather than eliminating entire professions. Roles now emphasize AI oversight, critical thinking, and integrative functions.

2.2 Shrinking Entry-Level Opportunities

In “AI Boom, Entry-Level Bust: Why College Grads Are Struggling to Land Jobs”, Bloomberg reports a sharp decline in junior-level job postings, 21% below pre-pandemic levels, with unemployment among recent college graduates surpassing the national average RecapioWhatfinger Business & Money. Contributing factors include rapid AI adoption and post-pandemic hiring slowdowns, producing swift disruptions in early-career trajectories Bloomberg.comYahoo Finanças.

2.3 Long-Term Structural Shifts and Human Skill Value

The newest video emphasizes that while AI enhances productivity, it simultaneously alters workforce architecture. Tasks historically assigned to recent graduate, such as drafting, screening, or baseline analysis, are now being handled by AI. Consequently, hiring expectations have shifted: graduates must now exhibit proficiency in AI tools and demonstrate human-centric capabilities like judgment and creativity Recapio.


3. Analytical Discussion

3.1 Displacement of Tasks vs. Jobs

AI predominantly displaces specific tasks, not entire occupations. Jobs centered on routine processes are most at risk; yet, roles incorporating supervision, contextual interpretation, and cross-functional communication remain resilient.

3.2 The ‘Broken Ladder’ for New Graduates

AI’s takeover of entry-level tasks effectively removes the “junior rung” on the career ladder. Without access to foundational assignments that previously built experience, recent graduates face a paradox: they are expected to deliver value immediately—often requiring AI fluency—while lacking mentorship-based learning opportunities.

3.3 Emergence of Human-AI Hybrid Roles

Fields such as prompt engineering, model evaluation, and AI governance are expanding. These roles demand combined expertise in technical and soft skills, including ethical oversight, bias mitigation, and user-interface design, redefining what it means to work alongside AI.


4. Broader Implications and Evidence

The 21% decline in entry-level job postings indicates a structural shift in labor demand Recapio. Economists warn that, although productivity gains from AI are substantial, short-term employment shocks—especially among new graduates—are likely steep and uneven Bloomberg.comYahoo Finanças. This dynamic mirrors concerns from Business Insider and other outlets, which document persistently higher unemployment rates for recent graduates compared to the general population Business Insider+1.


5. Recommendations for Adaptation

For Individuals

  • AI Literacy: Develop familiarity with AI tools, limitations, and ethical implications.

  • Human Skills Emphasis: Cultivate skills like critical thinking, emotional intelligence, and cross-disciplinary communication.

  • Portfolio Differentiation: Showcase projects that incorporate AI meaningfully, demonstrating both technical ability and conceptual depth.

For Organizations

  • Task Redesign: Map and reallocate automation-prone tasks, combining them with high-value human activities (e.g., strategy, client engagement).

  • Learning Pathways: Establish structured development tracks for early-career professionals to build experience despite automation.

For Policy & Education

  • Curricular Integration: Embed AI ethics, data literacy, and interdisciplinary collaboration into higher education.

  • Reskilling Initiatives: Fund targeted upskilling programs for both graduates and mid-career professionals.

  • Supportive Transition Structures: Provide incentives for apprenticeships, internships, and AI-informed onboarding programs to preserve experience-based learning.


6. Disruptor and enabler

AI is simultaneously a disruptor and enabler. While it streamlines many traditional entry-level tasks, shrinking junior job availability, it also creates new domains where human ingenuity, oversight, and design are indispensable. Addressing this paradox requires coordinated efforts across individual development, organizational strategy, and public policy to ensure workforce inclusion and sustainable progression amid technological change.

Artificial Intelligence at Petrobras (PETR3; PETR4): Applications, Benefits, and Career Opportunities

Artificial Intelligence (AI) adoption has spread rapidly over the past few years, now spanning strategic and complex industries such as oil and gas. Petrobras stands as a prime example as this adoption is reshaping operational processes, management, and innovation. The purpose of this article is to analyze recent studies and initiatives in order to grasp the real use cases of AI and highlight the skills that professionals need to be a part of this change.

AI Applications at Petrobras

Several practical cases illustrate the depth of AI integration within the company:

  • Smart Torch: AI-enhanced software that utilizes cameras and operating metrics to monitor refinery flares during burning. It controls steam flow during flares to conserve fuel while ensuring the flares are burning off unburnt gases, thereby burning emissions at lower energy consumption and emissions rates during gas burning.

  • Petronemo: An AI generative assistant developed in partnership with Deloitte, aims to speed up maintenance recommendations in platforms and refineries. Unlike the past, when analysis took weeks, it now takes minutes, and by 2029, it is set to save R$20 million. 

  • Revenue Forecasting with Machine Learning: This advanced system offers a daily prediction of the sales of oil, gas, and fuels with improved accuracy to the extent of reducing weekly forecast errors by as much as R$400 million. This, in effect, supports the company in managing cash flow and financial applications effectively.

  • Lê-AI: This system is designed to analyze various types of documents and records (including PDFs, images, and even handwritten notes). It enhances the identification of concealed assets and significantly speeds up the processes related to asset recovery and compliance investigations, potentially by as much as 90%.

  • Generative AI Agents Platform: The goal of this project is to implement smart agents that can watch sensors—thousands on each offshore platform—to identify failures or critical events beforehand. Because of the ongoing infancy of generative agent technology, the development remains cautious.

Observed Benefits

These initiatives highlight significant advantages:

  • Efficiency and sustainability: Accurate control of key processes such as gas flaring and predictive maintenance; substantial cost reduction and improved environmental compliance.

  • Faster and more accurate decision-making: Forecasting models and inspection tools increase accuracy while reducing waste and operational risks.

  • Intelligent automation: Tools like Lê-AI and Petronemo free human resources from repetitive tasks, enabling greater focus on strategic initiatives.

Challenges Faced

Despite progress, there are ongoing challenges:

  • Technical and cultural complexity: Implementing AI in critical environments requires caution, mindset change, and strong data governance.

  • Immaturity of generative agents: Operational and security risks prevent immediate large-scale adoption in mission-critical contexts.

  • Data quality and integration: Predictive models only work with clean, complete, and structured datasets—a challenge in large-scale legacy systems.

Essential Professional Skills

To thrive in this context, professionals must develop expertise in three key areas:

  • Technical: Machine learning, computer vision, NLP (as in Lê-AI), generative AI, data analysis, and predictive modeling for industrial platforms.

  • Operational: Knowledge of oil and gas infrastructure, refining, offshore operations; understanding of safety and compliance in critical environments.

  • Innovation and collaboration: Ability to work with multidisciplinary teams (engineers, data scientists, governance specialists), fostering disruptive and efficient solutions.

Strategic Recommendations

  • Invest in internal training: courses, partnerships with universities, and pilot projects with shared expertise.

  • Develop AI governance frameworks: committees, quality standards, auditability, and risk-mitigation plans.

  • Promote a culture of incremental innovation, where controlled testing evolves gradually into real-world deployment, as seen with Petrobras’ generative AI initiatives.

Conclusion

AI applications at Petrobras are rapidly expanding, delivering major advances in efficiency, sustainability, and decision-making. However, this transformation depends not only on technology but also on organizational culture and governance. Skilled, multidisciplinary professionals will be crucial in ensuring that AI generates long-term positive impacts in the oil and gas industry.


Wednesday, 30 July 2025

Embraer (EMBR3) Avoids U.S. Tariffs: What It Means for the Brazilian Jet Maker

On July 30, 2025, U.S. President Donald Trump signed an executive order imposing a 50% tariff on a range of Brazilian exports, but notably excluded aircraft, along with energy and pulp, from these tariffs. This exclusion was a significant reprieve for Embraer, as nearly half its commercial aircraft and 70% of its executive jet sales are to U.S. customers.

Prior reactions had been dire: executives warned a 50% tariff could raise costs by up to $9 million per plane, potentially causing $358 million in earnings hit in 2025 alone and likening the impact to a COVID‑19-like revenue collapse. However, prior to the exclusions, some analysts suggested the effect might resemble an embargo on U.S. sales.

Embraer had earlier reaffirmed its 2025 financial outlook, projecting limited impact, estimating just a 0.9 percentage‑point reduction in EBIT margin thanks to high U.S. 

Financial Position & U.S. Customer Exposure

As of Q2 2025, Embraer holds a record firm order backlog of $29.7 billion, up 40% year‑on‑year. Commercial jets account for $13.1 b billion, executive aviation $7.4 b, and defense about $4.3 b 

U.S. airlines remain critical buyers: American Airlines ordered 90 E175s, SkyWest another 74, Republic more, and Horizon Air has resumed taking deliveries after short delays due to tariff concerns

Implications of the Aircraft Exemption

The exemption clause in the tariff order means Embraer’s key U.S. market remains accessible, which spiked the company’s stock by ~11% post-announcement.

Still, the broader trade conflict raised red flags earlier: CEO Francisco Gomes Neto had warned the situation could force order cancellations or deferrals, especially for smaller, lower‑margin business jets like the Phenom series.

Brazilian authorities also moved quickly. Brazil’s government is planning relief such as credit lines to help support Embraer, though not tax exemptions, to maintain business confidence.

Strategic Moves: Europe & Defense Segment Expansion

Embraer is exploring establishing a final assembly line for its KC‑390 military cargo plane in Poland, potentially generating $1 b in local value and creating about 600 jobs. Other proposals include E2 airframe subassembly, passenger-to-freighter conversions, and landing gear overhaul facilities—totaling potentially $2 b in investment and over 4,400 jobs in a decade 

The KC‑390 has gained traction across Europe, with orders from Czech Republic, Austria, Netherlands, Sweden, Slovakia, plus current operators like Portugal and Hungary

Asia, India and China Opportunities

Embraer is in talks with the Indian government and major conglomerates to potentially establish manufacturing or assembly operations, depending on access to India’s booming domestic jet market, currently dominated by Airbus and Boeing.  

The company is also strengthening supply-chain collaboration in China: its E190‑E2 and E195‑E2 jets recently received Chinese certification, and there's a new freighter conversion deal with a Chinese partner.

Long‑Term Product and Market Strategy

While speculation exists that Embraer may eventually consider scaling into larger narrowbody aircraft beyond the E2 family, experts note the financial and certification challenges make such a move highly complex, especially against entrenched competition like Boeing and Airbus. 

Outlook and Next Steps for Embraer


With the aircraft exemption in place, Embraer’s immediate U.S. sales exposure is significantly eased. In response, the company is likely to:

  • Engage in diplomacy to maintain or extend duty-free status for aviation products,
  • Tap into government support in Brazil, including credit lines,
  • Accelerate European defense expansion—especially the Polish KC‑390 ecosystem build-out,
  • Expand industrial and MRO presence in emerging markets such as India and China, leveraging recent certifications and potential local partnerships,
  • Continue diversifying its geographic footprint beyond the U.S. to reduce single‑market dependency.

Embargo scenarios appear to have been avoided, at least for now, but Embraer’s strategy has clearly shifted toward mitigation and expansion. Tightening its international presence, especially in defense and Asia-Pacific markets, may prove key to counterbalance any future policy shifts or trade turbulence. 

Saturday, 26 July 2025

U.S. Tariffs on Brazilian Orange Juice and Coffee: Impacts and Strategic Responses

The recent imposition of tariffs by the United States on Brazilian orange juice and coffee has sparked concern among producers, exporters, and trade analysts. As two of Brazil’s most iconic and economically vital agricultural exports, these products are deeply embedded in global supply chains, particularly those connected to the American market. The effects of such tariffs could reverberate across both economies, altering trade flows, consumer prices, and long-term commercial strategies.


Immediate Impacts on Brazilian Producers

Brazil is the world’s largest exporter of orange juice and one of the top exporters of coffee. The imposition of new U.S. tariffs, depending on their severity, will directly affect the competitiveness of Brazilian products in American markets. For orange juice, which is already facing declining consumption in the U.S., any additional cost imposed by tariffs could lead importers to seek alternative suppliers or increase domestic production, further reducing demand for Brazilian juice.

Coffee producers, particularly those exporting Arabica beans, may also see decreased competitiveness. While specialty coffee demand remains strong, price-sensitive segments of the U.S. market might shift towards other sources, such as Colombia or Vietnam, if Brazilian coffee becomes more expensive due to tariffs. 

The July figures in the United States indicate that the promise of a 50% tariff on items imported from Brazil is already affecting the prices of at least three products in the American market: beef, oranges, and coffee prices went up respectively by 1.4%, 4.4%, and 2.2%.


Effects on U.S. Consumers and Importers

The likely outcome for U.S. consumers is a noticeable increase in prices for both orange juice and coffee. Given that Brazil supplies over 70% of the orange juice consumed in the U.S. and a significant share of its coffee imports, tariffs would disrupt established supply chains and raise import costs. These costs would be passed along to wholesalers, retailers, and ultimately, the end consumer.

In the short term, price hikes could result in reduced consumption, especially for orange juice, which is already seen as a declining category in American households. For coffee, a staple in most homes and businesses, consumers may shift to lower-grade blends or private-label brands to offset price increases.


Alternative Trade Strategies for Brazil

To mitigate the impact of U.S. tariffs, Brazil can pursue several commercial alternatives:

  1. Diversification of Export Markets: Brazil could intensify efforts to expand its presence in emerging markets such as China, India, and the Middle East. These regions have growing middle classes with increasing demand for premium food and beverage products, including fresh juice and high-quality coffee.

  2. Strengthening Regional Trade: Mercosur and Latin American partners may become more important trade allies. By focusing on trade within South America and negotiating reduced trade barriers with Europe and Asia, Brazil can reduce its dependence on the U.S. market.

  3. Value-Added Products: Instead of exporting raw or semi-processed juice and green coffee beans, Brazil could invest more in processing and branding. Exporting roasted coffee or ready-to-drink juices would allow Brazilian companies to capture more value and appeal directly to consumers in non-U.S. markets.

  4. Trade Dispute Mechanisms: Brazil may also choose to challenge the tariffs through the World Trade Organization (WTO) or pursue bilateral negotiations, especially if the tariffs are perceived as unjustified or politically motivated.

While U.S. tariffs on Brazilian orange juice and coffee pose serious short-term challenges, they also present an opportunity for Brazil to rethink its trade strategy. By diversifying markets, investing in value-added products, and seeking new commercial partnerships, Brazil can reduce its vulnerability to unilateral trade measures. Meanwhile, American consumers and importers may face higher prices and a shift in product availability, highlighting the interconnected nature of global trade and the potential fallout of protectionist policies.

Moreover, according to several economists, the effects of the tariffs imposed by the U.S. may help reduce inflationary pressures in Brazil, as part of these products could be redirected to the domestic market, increasing supply and lowering prices. 

Thursday, 24 July 2025

Petrobras (PETR3; PETR4): Gasoline Price Cuts, Market Reactions, and the Potential Return to Fuel Retail

 
Over the past three weeks, Petrobras — the state-controlled Brazilian oil giant — has been at the center of important market developments. A reduction in gasoline A prices, speculation about a return to the fuel retail sector, and continued political and economic pressures have reshaped discussions about its role in regulating fuel prices and controlling inflation in Brazil. Here is a full analysis of what happened, what changed, and what could come next.


1. Gasoline A Price Reduction: The First Cut Since 2023

  • On June 2–3, 2025, Petrobras announced a 5.6% cut in gasoline A prices sold to distributors, equivalent to a reduction of R$ 0.17 per liter, bringing the average price down to R$ 2.85 per liter.

  • This move was the first price cut since October 2023, driven by rising demand: in April 2025, gasoline sales from distributors rose 4.6% year-over-year, reaching 3.81 billion liters, with cumulative sales for the first four months totaling 14.74 billion liters (+3.5% vs 2024).

  • The impact on final retail prices was modest. Taxes (especially state ICMS), ethanol blend ratios, and resale margins made consumer prices slow to reflect refinery-level cuts.


2. Short-Term Results and Market Dynamics

  • Since that early June adjustment, Petrobras has not made further changes to gasoline prices.

  • The company continues to apply its “competitive pricing policy”, introduced in 2023, which avoids reacting to short-term volatility in Brent crude or exchange rates. Price decisions are instead based on structural and sustained shifts in market conditions.

  • Despite the refinery-level cut, the actual reduction observed at gas stations was limited and uneven across Brazil, due to the complex tax structure and market variations.

  • Inflationary pressure from fuel prices appears contained in the short term, with no immediate need for further interventions.


3. Petrobras and the Fuel Retail Sector: A Potential Comeback?

  • In mid-July, reports emerged that Petrobras is internally discussing a potential return to the fuel retail sector—a market it left after fully privatizing its former retail arm, BR Distribuidora (now Vibra Energia), in 2021.

  • The mere speculation of a comeback led to stock market turbulence:

    • Vibra Energia shares fell by about 2.5%.

    • Petrobras shares also dropped by around 0.5%.

  • However, no official decision has been made, and Petrobras faces a contractual non-compete clause valid until 2029, which prevents it from re-entering the retail fuel segment under its own brand.

Legal and Strategic Challenges

  • Any serious plan to return would require:

    • Creating a new fuel retail brand, or

    • Renegotiating/invalidating contracts with Vibra (unlikely before 2029), or

    • Reacquiring Vibra, which would involve high political and economic costs.

  • Politically, a return to retail aligns with President Lula’s strategy to increase state influence in strategic sectors, ensuring more control over price pass-throughs and domestic inflation.

  • Economically, it would demand major investment in logistics, workforce, and infrastructure to rebuild a national network capable of competing with private retailers.


4. Summary Table: Where Things Stand

TopicCurrent StatusPotential Impact
Gasoline A price cut    5.6% cut in early June    Moderate; limited consumer relief
Retail fuel prices    Slightly lower; regional variation    No major inflation relief yet
Return to fuel retail    Internal discussions only    Politically sensitive
Non-compete clause with Vibra      In effect until 2029    Blocks immediate retail comeback

5. Conclusion

In the past three weeks, Petrobras has acted to manage domestic fuel prices through a rare gasoline price cut, signaling its intention to balance competitiveness with inflation control. Yet the broader discussion — its potential return to fuel retail — reveals deeper tensions in Brazil’s energy and economic policy. While no concrete move is underway, the political and market consequences of even a possible reentry are already unfolding.

Any serious effort to retake the retail space would require overcoming legal contracts, market resistance, and massive investment. For now, Petrobras remains cautious, but its future role in directly shaping fuel prices in Brazil could evolve significantly as elections approach and inflationary concerns persist.

Wednesday, 19 March 2025

Brazil to Host World's Largest Biogas Plant, Pioneering Sustainable Energy

The Louis Dreyfus Company (LDC) marks construction commencement of the world's largest biogas plant from citrus effluents, which is located in Bebedouro, São Paulo, Brazil. Covering an area of 195,000 square meters, the unit will be able to process 400 m³/h in effluents, create more than 50,000 Nm³ of biogas, and reduce CO₂ emissions at the local level by over 20%.

With this innovative technology from LDC, 100% reuse of treated water will be ensured while replacing fossil fuels. In the first half of 2026, the plant is expected to be in operation.

It is a measure through which LDC strengthens the commitment to decarbonize the supply chain and undertake sustainable development. The pilot project has already shown that that target was exceeded by 15 percent.

As one of the largest citrus juice processors and exporters, LDC goes on investing in green solutions for increasing efficiency and sustainability in the operations while minimizing environmental impacts and optimizing natural resource use.

Urca Group

The largest biomethane plant in Latin America is Gás Verde, a member of the Urca Group, in Seropédica, Rio de Janeiro. In this way, Brazil progresses toward becoming an increasingly important global player in the green economy.

The Seropédica plant refines biogas to produce biomethane, a fuel similar to natural gas derived from petroleum but with 80% lower emissions.

Wednesday, 29 January 2025

Petrobras (PETR3; PETR4) try to hold fuel prices, but gasoline and diesel will become more expensive in February

Petrobras is not expected to increase fuel prices in Brazil in the coming days. The board of the Brazilian state-owned company meets today to outline price plans for the coming weeks. However, due to the fall of the dollar in the last 10 days and the fear that the government has of an increase generating more inflation in the country, this adjustment should be delayed until March.

Yesterday, in a meeting with President Lula, the CEO of Petrobras, Magda Chambriard, said that at some point the company will have to readjust prices due to the lag in fuel prices (14% for gasoline and 11% for diesel) with international prices..

With the price changes established during the Lula government, Petrobras no longer automatically readjusts its prices to follow changes in the international oil market. Previously, Petrobras adopted an International Parity Price (PPI) policy adopted by Michel Temer's government and maintained by the Bolsonaro's government.

This policy led the company to constantly change fuel prices in the country. In 2021, with this policy, gasoline cost twice as much (more than R$ 11,00) as it costs today (R$ 6,19).

The previous pricing policy generated expensive fuel for the population and record profits for Petrobras shareholders. For many, this policy created by Temer increases shareholders' profits at the expense of Brazilian consumers, mainly because oil production in Brazil is not done in dollars, but in reais.

At the time, then-presidential candidate Ciro Gomes, who is also in opposition to the Lula government, commented:

“A barrel of Brent oil hit US$120 this morning, and they are going to transfer that”, said Ciro Gomes in 2022. 

Ciro argued that he had nothing "to do with the cost of Brazilian production, in real terms, with Russia's war in Ukraine”, for example, or with any other changes occurring in the international oil market given that a large part of oil production in Brazil takes place within the country.

This effort by Petrobras also comes as fuel prices are set to rise in February due to an increase in ICMS, a state tax levied by governors.

According to IstoÉ Dinheiro magazine, for gasoline, the tax collection is expected to increase by R$0.0979, from R$1.37 to R$1.47 per liter, which represents an increase of 7.14 %. For diesel, the ICMS will rise by 5.31% or R$0.0565, from R$1.0635 to R$1.12 per liter.



Wednesday, 4 December 2024

Brazil has an increase of 5.8% in the industrial sector in October compared to 2023

There has not been such a powerful rise in the Brazilian industrial sector for a long time. The sector's performance indicates that perhaps 2024 will be the year with the greatest industrial growth of the decade.

According to the Brazilian government, compared to the same month of October in 2023, industry production increased 5.8%, being the fifth consecutive month of expansion. The accumulated index for the year also increased (3.4%), as well as in the last 12 months (3.0%).

According to the Brazilian government, compared to the same month of October in 2023, industry production increased 5.8%, being the fifth consecutive month of expansion. The accumulated index for the year also increased (3.4%), as well as in 12 months (3.0%).

The concern is that import growth in the same period was 17%. 

The injection of income made through government programs produces, in turn, a large injection of demand in the country, which makes the Brazilian economy grow.

The fiscal push is very strong in Brazil. As Brazilian industry is not globalized, that is, it meets the country's internal needs more. With people having more money in their hands, the industry responds with growth and more investment. Domestic demand, driven by government programs, helps the industrial sector. 

Another factor that helps the industrial sector is the valued exchange rate. With the US$ worth R$ 6,00, companies with a greater presence in the global economy, such as Embraer, benefit because their products are very competitive internationally. 

Furthermore, the country has unemployment at a minimum. The country has the lowest unemployment rate in the last 13 years. This, in turn, produces inflationary pressure, which has been a concern for both the government and the financial market, which, in Brazil, is ideologically driven and, often, contrary to the government not for rational reasons, but for divergences. policies. Much of the Brazilian financial market.

It is common to see profiles of influencers linked to the financial market in Brazil harshly criticizing the PT and the Lula government while these same influencers praised the Bolsonaro's government and the decisions of the then Economy Minister Paulo Guedes.

Bolsonaro did not follow the country's spending control law, in fact, he exceeded this limit by R$795 billion in the 4 years of his government. The Brazilian financial market has never been as "nervous" as it is now, despite several positive economic indicators under the Lula government.

Monday, 24 June 2024

Who is Magda Chambriard, new president of Petrobras (PETR3; PETR4)

Magda Chambriard began her career at Petrobras. It was responsible for the first pre-salt auction and was closely related to the major global oil companies.

Chambriard worked for 22 years at Petrobras, where she began working in 1980. Between 2012 and 2016, Chambriard was the general director of the National Petroleum Agency (ANP).

Unlike her predecessor, Jean Paul Prates is a politician (Senator for PT for the State of Rio Grande do Norte). Chambriard is a technocrat and tends to follow President Lula's orders to the letter.

Therefore, she must follow the policy that the president defends, which is to transform Petrobras into a major investor to create jobs in Brazil and help recover the Brazilian economy.

Consequently, Petrobras should use its profits in the coming years to invest in, for example, a new naval industry in Brazil, thermoelectric plants, renewable energy, and the exploration of the Equatorial Margin, which is one of the last unexplored oil frontiers in Brazil. This region comprises the entire coastal strip to the north of the country and takes its name because it is close to the Equator.

Therefore, Alexandre Silveira and Rui Costas, two ministers from the Lula government emerged victorious. Both are lobbyists for thermoelectric plants, which should receive investments now.

The new president of Petrobras, who has already defended the privatization of Petrobras, must follow Lula's ideas. In the first speech she gave, Chambriard already defended the resumption, for example, of the naval industry in Brazil.

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