JOURNAL ARTICLE

Lula Says Petrobras, Pemex Could Partner on Oil Exploration.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Milanese, Daniela; Durao, Mariana 3 of 3

Abstract

The article focuses on Brazil President Luiz Inacio Lula da Silva’s discussions about potential collaboration between Brazil’s state-run oil company Petrobras and Mexico’s state-run Petroleos Mexicanos (Pemex) for deep-water oil exploration in the Gulf of Mexico. Lula mentioned a call with Mexican leader Claudia Sheinbaum initiated by Petrobras’ head to explore joint efforts, though no further details were provided. He also proposed that Brazil consider establishing a strategic oil reserve to mitigate supply disruptions amid rising global oil prices. Additionally, Lula expressed intentions for Petrobras to repurchase the Mataripe refinery in Bahia, previously sold to Mubadala Capital, as part of efforts to strengthen Brazil’s oil sector. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2026
  • Accession Number:192432003
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