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

Ecuador’s Noboa vows to continue “war” on criminal groups

Ecuador’s President Daniel Noboa said on Sunday that his government will continue the “war” against criminal organizations and warned that he will not yield to criminal gangs operating in the South American country.

During his state-of-the-nation address before the National Assembly, Noboa stated that criminal structures “will tire first” before his administration abandons its fight against violence and drug trafficking.

The president reaffirmed his hardline security strategy amid ongoing concerns over organized crime and drug-related violence in Ecuador.

International

Iran says agreement with U.S. to end Middle East conflict is in final stages

Iran’s Foreign Ministry spokesperson, Esmail Baqai, said Saturday that Tehran and the United States were in the “finalization phase” of a memorandum of understanding aimed at ending the conflict in the Middle East.

Speaking to Iranian state television Irib, Baqai explained that Iran had initially sought to draft a memorandum consisting of 14 clauses as part of the negotiations.

“We are currently in the phase of finalizing these memorandums of understanding,” he stated.

Shortly before Baqai’s remarks became public, U.S. Secretary of State Marco Rubio said there was “a possibility” that Iran could agree to a deal to end the conflict as early as Saturday.

“There is a possibility that later today, tomorrow, or within the next couple of days, we may have something to announce,” Rubio told reporters in New Delhi, adding that he hoped for “good news.”

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Despite acknowledging progress in the negotiations, the top U.S. diplomat warned that President Donald Trump could still decide to resume military strikes against Iran if talks fail to produce a final agreement.

International

WHO Warns Ebola Outbreak Is Spreading Rapidly in DR Congo

The World Health Organization on Friday raised the risk level of the Ebola outbreak in the Democratic Republic of the Congo from “high” to “very high,” the highest alert category used by the organization.

WHO Director-General Tedros Adhanom Ghebreyesus said the outbreak is spreading rapidly across the country, particularly in the eastern provinces of North Kivu and South Kivu.

“The Ebola outbreak in the Democratic Republic of the Congo is spreading rapidly,” Tedros stated during a press conference.

He explained that the WHO had previously classified the risk as high at both the national and regional levels, while maintaining a low risk assessment globally.

“We are now revising our risk assessment to classify it as very high at the national level, high at the regional level, and low at the global level,” he added.

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A WHO spokesperson told AFP that “very high” represents the organization’s highest risk category.

The outbreak has expanded across North Kivu and South Kivu, regions divided by the frontline between Congolese government forces and the armed group M23, which is reportedly backed by Rwanda and has seized large areas of territory since 2021.