Brazil ranks 184th in the ease of doing business index.
Only 3% of the population speaks English in Brazil, despite it being the country where English is studied the most.
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Petrobras Pricing Policy
Petrobras pays an average of BRL 200 billion in taxes when it generates a positive profit. In other words, the more it earns, the more taxes it pays to the government, which benefits the population. If privatized, it is likely that profits would increase even further.
Petrobras is self-sufficient in extraction but not in refining. Therefore, it needs to export crude oil and import the refined product.
The extraction cost is highly competitive, but the refining cost is not. Its refineries date back to the 1970s and thus lack modern efficiency.
There is a refinery plant invested in by the Mubadala fund, which supposedly would bring independence. However, in practice, it is used for price manipulation in the market.
Many people do not realize that lowering gasoline and diesel prices primarily benefits the wealthy, who fuel their private jets and boats.
