Lula Pressures New Petrobras CEO to Accelerate Refinery and Gas Investments

Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA (Petrobras), pushing her to accelerate investments in refineries and natural gas expansion, according to anonymous sources who spoke to Bloomberg. This leadership change follows Lula's dismissal of former CEO Jean Paul Prates amid dissatisfaction with his handling of the company's strategic plan. Chambriard's appointment raises concerns among investors about increased government intervention in Petrobras as Lula's administration…