Petrobras: fuelling the future or stuck in the past? | FT Film

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The oil giant is once again at the centre of government plans for economic growth and job creation. But Petrobras has a chequered past, including damaging corruption scandals and debt. Critics say it should stick to high-value oil production rather than expanding into refining and shipbuilding #petrobras #brazil #oil #brazilpolitics #brazileconomy #brazilsociety #oilproduction #corruption #companies #scandal 00:00 - Introduction 00:54 - How important is Petrobras? 01:41 - Petrobras and the Brazilian economy 02:36 - 'Lava Jato' scandal 04:20 - The fallout 06:00 - The world's most indebted oil company 06:59 - The mission 08:07 - A leader in deep-water oil drilling 08:48 - The pre-salt basin discovery 10:35 - The world's largest dividend payer 11:18 - Petrobras, a tool of government policy 13:16 - Recife and diversification 13:50 - Refining and shipbuilding 15:58 - The green transition 17:14 - State-owned and private strategies 19:15 - The problem with management 19:50 - Conclusion ► Enjoying FT content? Get a daily slice of the very best FT journalism with FT Edit. Free for 30 days then just £4.99 a month See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTimes/community ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes ► Follow us on Instagram: https://www.tiktok.com/@financialtimes