& Tobago


Very usefull links


News links




Dow Jones

Oil price



Views and News






Is this good-bye? Petrobras CEO ends presser on sentimental note

Andre Coelho/Bloomberg

Ivan Monteiro

- Ivan Monteiro hasn't received an invitation to remain as CEO
- Bolsonaro has freedom to change Petrobras management in 2019

By Sabrina Valle

Petroleumworld 11 07 2018

Ivan Monteiro concluded the presentation of Petrobras' quarterly financial results, perhaps his last as chief executive of the state-controlled oil producer, by praising the company's progress in the past four years and offering an unusual “thank you” to the media.

Monteiro was chief financial officer of Petroleo Brasileiro SA in 2015, when the company struggled to publish its financial reports amid billions of dollars in writedowns related to a corruption scandal uncovered by the Carwash investigation. He became CEO when Pedro Parente resigned after a nationwide trucker strike this year. It's not clear whether Monteiro will remain in the job under the presidency of Jair Bolsonaro in 2019.

“The next government will have all the freedom to make any changes it deems necessary,” he told reporters when asked about possible shifts in Petrobras' management.

Monteiro declined to say whether he would like to keep the job. So far he hasn't received an invitation to stay, he said, before ending the meeting by offering “a special hug to journalists who covered Petrobras all these years.”

Asked whether that was a farewell, he only smiled.

Original article


Story by Sabrina Valle from Bloomberg

bloomberg.com 11 06 2018


We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95, '98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter


Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.