Brazil presidential candidate Zema proposes splitting Petrobras into up to 5 firms

Novo party candidate Romeu Zema stated that, if elected, he would split state-owned oil giant Petrobras into up to five companies to boost competition and consumer benefits. The proposal marks a significant policy stance in Brazil's 2026 presidential race, though its feasibility and market impact remain uncertain. This is a campaign pledge, not yet policy, and would face legislative and political hurdles.