Adolfo Sachsida rules out privatization plans for Petrobras in Flávio Bolsonaro’s campaign, ensuring a focus on strengthening management and the efficiency of state-owned enterprises.
The debate surrounding the future of Brazil’s major state-owned companies has taken on new political dimensions.
Adolfo Sachsida, former Minister of Mines and Energy and a current member of the coordination team for Flávio Bolsonaro’s (PL) presidential campaign, has publicly dismissed any possibility of selling Petrobras.
The statement marks a shift in tone compared to previous positions held by both the political group itself and the energy market.
The current priority, according to the candidate’s allies, will be to optimize corporate governance and ensure positive results for society.
A Change in Course and Guarantees for State-Owned Enterprises
In a video posted on his official X account, Adolfo Sachsida was categorical in reassuring employees of major federal companies.
The message covered not only the oil sector but also financial institutions vital to the national economy.
Adolfo Sachsida stated:
If you are watching this video and you work for Banco do Brasil, Caixa Econômica, or Petrobras, know one thing: there will be no privatizations. None of these companies will be touched.
The economist reinforced that the guideline for a potential future term will be the appreciation of public assets.
The declared goal is to improve the administration of these companies so they operate with sustainable profits.
The History of Privatization Debates
The current stance contrasts with the period when Adolfo Sachsida headed the ministry in 2022, when he requested formal studies from then-Minister of the Economy Paulo Guedes to evaluate the inclusion of PPSA and Petrobras itself in the National Privatization Program.
Flávio Bolsonaro himself had previously signaled support for selective divestments in specific sectors of the state conglomerate.
However, recent assessments by the campaign’s inner circle, including statements from Senator Rogério Marinho (PL/RN), have solidified the understanding that the oil giant should remain under federal control, prioritizing only operational efficiency audits.
As the electoral climate heats up, the definition of the role of state-owned companies remains at the center of discussions on economic development and the country’s energy security, shaping the next steps of the national political agenda.
