Brazil oil workers clash with Petrobras in 18-day strike

Brazilian oil workers and oil giant Petrobras are locked in a power struggle over plans to shift focus away from non-core assets, with a federation of unions saying that 21,000 employees in 13 states (60% of the company’s workforce) are on strike indefinitely. Petrobras did not confirm those numbers but said it has been able to maintain oil and gas production levels and meet fuel demand across the country by bringing in temporary workers on emergency contracts. The strike, supported by leftist political groups, was called after a recent layoffs at a fertiliser factory in the state of Parana.

Source: The Washington Post

Paulo Guedes seeks to “sell” Brazil in Davos

Brazil Economy Minister Paulo Guedes attends this week the Davos Economic Forum, with the aim of attracting non-speculative foreign capital to finance projects, mainly infrastructure, showing the country’s improvements in inflation, risk, stock market rates and interests. The biggest attraction will be the privatisation and concessions package of state-owned companies, said the Privatisation Secretary, Salim Matar.

Source: InfoMoney

Brazil’s infrastructure for sale in 2020

By the end of this year, the Brazilian government hopes to have completed at least 18 projects of selling off public property, including public-private partnerships, privatisations, concessions, and leases. Estimated investments from these infrastructure projects total over BRL 27.7 billion ($6.8 billion). The Brazilian Report has compiled a list of the potential privatisations.

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Source: The Brazilian Report