Brazil Energy Minister Sachsida submits request to privatize Petrobras, PPSA

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Adolfo Sachsida, Brazil’s new Mines and Energy Minister, fulfilled his controversial pledge to push for the privatization of state-led oil company Petrobras and government subsalt management company Pre-Sal Petroleo SA, or PPSA, submitting May 12 a request to Economy Minister Paulo Guedes to start studies aimed at selling the government’s stake in both companies. “I hope that in the shortest…