Petrobras CEO Scores Big Win, But Hasn’t Dodged ‘Electric Chair’
After winning a years-long battle to drill near the Amazon, Magda Chambriard is at the mercy of politics and prices
Petrobras CEO Magda Chambriard and Brazil's President Luiz Inacio Lula da Silva during an event to announce investments in oil and gas industry.
Photographer: Mauro Pimentel/AFP/Getty Images
When Brazil’s national oil company got the green light last month to start exploring for crude near the Amazon, it represented a major win for Petrobras SA’s chief executive officer, Magda Chambriard.