Brazil's new Energy Minister Adolfo Sachsida has wasted no time in moving to privatize state oil company Petrobras and state entity PPSA,which plays an administrative role for the country's pre-salt fi elds.Sachsida presented documents to Brazil's economy ministry late last week requesting studies on the privatization of the state entities,a move he highlighted as one of his three top priorities as energy minister.Brazilian President Jair Bolsonaro has consistently fl oated the idea of privatizing the remainder of Petrobras,which is already publicly listed.The government and the country's development banks are the company's largest shareholders with a combined stake of about 36 as of April.
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