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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.

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International

India Approves New Dengue Vaccine as Global Cases Continue to Rise

India has approved a new dengue vaccine as health authorities seek to strengthen prevention efforts against a mosquito-borne viral disease that affects millions of people worldwide every year.

According to the World Health Organization (WHO), half of the global population is currently at risk of contracting dengue, which causes between 100 million and 400 million infections annually.

Since 2021, India has recorded more than one million dengue cases, including at least 1,500 deaths.

The virus can cause high fever, severe headaches, muscle pain, nausea, skin rashes and, in rare cases, internal bleeding and death.

The vaccine, authorized by India’s Central Drugs Standard Control Organization (CDSCO), was developed by Japanese pharmaceutical company Takeda. The Indian Health Ministry said the vaccine is recommended in two doses for people between 4 and 60 years old.

The treatment has already been approved by health authorities in around 40 countries worldwide.

Meanwhile, Indian pharmaceutical company Panacea Biotec has begun the final phase of clinical trials for a single-dose dengue vaccine, aiming to provide another prevention option against the disease.

Brazil recently announced the suspension of the use of another single-dose dengue vaccine developed in the country after two suspected deaths were reported.

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International

U.S. Sends First Humanitarian Aid Flight to Cuba Amid Ongoing Tensions Between Both Governments

The United States announced Tuesday the dispatch of a humanitarian aid flight to Cuba as part of a $100 million assistance package proposed by Secretary of State Marco Rubio in May.

The flight departed from Miami with the support of Catholic Relief Services, according to a statement from the U.S. State Department.

The administration of President Donald Trump, which has maintained restrictions on oil supplies to the island and tightened sanctions against the Cuban government, had initially announced humanitarian assistance in November following the devastating impact of Hurricane Melissa.

In February, amid rising tensions between Washington and Havana, Rubio announced an increase in aid while continuing to criticize the Cuban government.

The U.S. secretary of state accused Cuba’s communist authorities of obstructing the distribution of assistance. Washington has insisted that the aid be delivered through the Catholic Church to ensure it reaches Cuban citizens directly.

The Cuban government, meanwhile, has blamed the U.S. oil blockade for making the distribution of humanitarian assistance significantly more difficult.

The aid shipment comes as relations between the two countries remain strained, with disagreements continuing over sanctions, energy supplies and the management of humanitarian support.

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International

Controversial Pesticide Law Passes in France, Sparking Ecological Concerns and Ministerial Fallout

The French Parliament on Tuesday approved a highly controversial agricultural law that allows certain farmers to use two pesticides considered harmful to bees, substances that had been banned in France but remain authorized in the European Union.

After the National Assembly, the lower house of Parliament, approved the agricultural bill in the early hours of Tuesday, the Senate gave its final approval with a vote of 214 in favor and 111 against, officially adopting the measure.

Following the decision to reintroduce the use of acetamiprid and flupyradifurone, the office of Environment Minister Monique Barbut announced that she would soon submit her resignation.

Supporters of the measure argue that French producers of sugar beets, apples and hazelnuts need access to these insecticides — banned in France since 2018 and 2019, respectively — to remain competitive with European farmers in other countries where the products are still allowed.

Opponents, including environmental groups, argue that the substances pose serious risks to bees and could also threaten human health.

“Let us be proud of the work that has been done,” said Senator Laurent Duplomb of the conservative Republicans party, one of the main supporters of the measure.

The vote came after France’s Constitutional Council, the country’s highest court, struck down a previous attempt last year to bring back acetamiprid, ruling that the measure could pose risks to human health. That decision followed a petition signed by more than two million people opposing the pesticide’s reintroduction.

The previous bill had also been promoted by Duplomb, who argued that French agriculture needed additional tools to compete in international markets.

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