International

Board of Brazil’s Petrobras elects Lula ally as new president

Photo: AFP

January 26 | By AFP |

The board of directors of Petrobras on Thursday appointed Jean Paul Prates, an ally of President Luiz Inacio Lula da Silva, as head of the state oil company.

Prates, a 54-year-old lawyer and economist, was previously a senator in northeastern Rio Grande do Norte state and a member of Lula’s Workers’ Party.

Lula described Prates as a specialist in the energy sector when nominating him for the job on Twitter last month.

In a statement confirming the appointment, the Petrobras board said Prates had been chosen unanimously.

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Prates has 30 years experience in the oil, natural gas, biofuels and renewable energy sectors.

“I have been given the mission of managing Petrobras in the coming years,” Prates said.

He added that he was “honored to lead a company that is the heritage of all Brazilians.”

Petrobras is the flagship of Brazilian industry. It is the largest company in the South American country but was at the center of the wide-ranging “Operation Car Wash” corruption scandal.

As part of the graft investigation, Lula was himself convicted of accepting a bribe and spent 18 months in jail before a judge annulled his conviction.

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Petrobras went through some turbulent years during the presidency of Lula’s predecessor, Jair Bolsonaro.

The company went through four different CEOs during that period due major disagreements over Petrobras’s oil pricing policies.

Bolsonaro even went so far as to accuse Petrobras of theft over its price hikes.

The company sets prices based on the standard international rate for a barrel of oil.

The position of Petrobras chief executive is one that comes with great exposure to political pressure.

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In its 68 years of existence, the company has had 39 CEOs, meaning they have lasted on average less than two years.

The markets have expressed fears that Prates could change the company’s pricing policies and that under Lula’s socialist government there will be greater interference in the running of state companies.

The Brazilian state owns 50.26 percent of Petrobras’s capital and Lula has ruled out privatizing the company.

International

Rubio and Lavrov Hold Talks After Large-Scale Russian Assault on Ukraine

The United States remains willing to mediate in the war between Russia and Ukraine, Secretary of State Marco Rubiosaid Tuesday following a large-scale Russian attack against Kyiv.

“Every time you see these large attacks by either side, it is a reminder of why this is a terrible war (…) that must come to an end,” Rubio told reporters after holding a phone conversation with Russian Foreign Minister Sergey Lavrov.

Speaking during an official visit to India, Rubio stated that the United States is “ready and prepared to do whatever it can” to help facilitate an end to the conflict.

“We hope the opportunity presents itself at some point,” he added.

Russia warned on Monday that it could launch additional strikes against Kyiv, including attacks targeting what it described as “decision-making centers,” after carrying out weekend bombardments involving dozens of drones and missiles across Ukraine. The attacks reportedly killed four people.

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According to the Ministry of Foreign Affairs of Russia, Lavrov urged the United States during the call to evacuate diplomats from its embassy in Kyiv.

Rubio later clarified that Moscow had issued a warning to all embassies in the Ukrainian capital, not only to the U.S. diplomatic mission.

International

Omar García Harfuch Announces Arrest of “El Chapo’s” Nephew

Mexican security forces captured a nephew of convicted drug lord Joaquín ‘El Chapo’ Guzmán during an operation carried out in the northern border state of Sonora, authorities confirmed on Tuesday.

The suspect, identified as Isai “N,” is reportedly wanted by authorities in the United States.

Omar García Harfuch, Mexico’s secretary of security, stated on X that the detainee is a “nephew of ‘El Chapo,’” the former leader of the powerful Sinaloa Cartel, who is currently serving a life sentence in the United States.

Mexican media identified the suspect as Isai Martínez Zepeda, who had reportedly been arrested in June 2008 while allegedly carrying high-caliber weapons.

However, the press office of Mexico’s Security Ministry told AFP that it did not have additional details regarding the earlier arrest.

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Two sons of Joaquín Guzmán, Ovidio Guzmán López and Joaquín Guzmán López, are also imprisoned in the United States on drug trafficking charges.

International

Diplomatic Talks Continue as Iran Accuses U.S. of Ceasefire Violations

The Ministry of Foreign Affairs of Iran accused the United States on Tuesday of violating the fragile ceasefire over the past 48 hours in the province of Hormozgan Province, although officials did not specify the exact incident.

The accusations came after the United States Central Command announced on Monday that U.S. forces had targeted Iranian missile-launch facilities and vessels allegedly attempting to deploy mines in the Gulf region.

Meanwhile, Iran’s Islamic Revolutionary Guard Corps claimed that its forces fired on a U.S. aircraft that allegedly attempted to enter Iranian airspace.

“The terrorist U.S. military, which has continued its illegal and unjustified actions since the ceasefire (…) committed a serious violation of the ceasefire in Hormozgan Province over the past 48 hours,” the Iranian Foreign Ministry said in a statement.

The ministry also warned that Iran “will not leave any hostile act unanswered and will not hesitate to defend itself,” without providing further details.