(Bloomberg) — Petrobras’ new management should carry out a two-month review of the oil giant’s business plan to bring it more into line with Brazilian President-elect Luiz Inacio Lula da Silva’s wider policy goals, according to recommendations from Lula’s transition team.
The energy experts who worked on Lula’s transition concluded that Petrobras’ existing $78 billion five-year strategic plan was insufficient to build out priorities such as refining and biofuels, according to a person familiar with the team’s formal policy recommendations.
The group also calls for congress to approve a stabilization fund to ease price shocks during events such as Russia’s


