Brazil's State-run oil company

Brazil's state-run oil company, Petrobras, is a major national energy corporation responsible for exploring, producing, refining, and distributing oil and gas within Brazil and internationally. Owned by the government, it plays a crucial role in Brazil’s economy and energy independence. Petrobras invests in technology to develop underground oil reserves and operates refineries to produce fuel and petrochemicals. While it helps ensure energy security and contributes significantly to Brazil's revenue, it has also faced challenges like corruption scandals and fluctuating global oil prices. Overall, Petrobras is a vital player in Brazil’s industrial and economic landscape.