Mubadala Suffers At Hands Of Politics, Petroleo Brasileiro

Posted on 08/22/2023

Mubadala is losing ground on its investment in a Brazilian oil refinery due to Petroleo Brasileiro’s policies. Mubadala owns the refinery through its operator Acelen, or MC Brazil Downstream. Mubadala has lost 37% on its bonds in the country. President Luiz Inacio Lula da Silva wanted to see cheaper petrol within the country, and Petroleo…

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