November 1, 2018 / 8:39 PM / 17 days ago

Brazil's Bolsonaro says Petrobras should look for partnerships

FILE PHOTO: Brazil's new president-elect, Jair Bolsonaro, waves to supporters as he watches airplanes performing near his condominium at Barra da Tijuca neighbourhood in Rio de Janeiro, Brazil October 31, 2018. REUTERS/Lucas Landau/File Photo

RIO DE JANEIRO (Reuters) - Brazil’s far-right president-elect Jair Bolsonaro said on Thursday that debt-ridden state-controlled oil company Petroleo Brasileiro SA is not in the position to afford new investments and will need to look for partnerships.

Bolsonaro also said that a proposed deal between Embraer SA and Boeing Co that requires the Brazilian government’s nod is “going through,” without elaborating.

Reporting by Gabriel Stargardter; editing by Grant McCool

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