Mubadala Suffers At Hands Of Politics, Petroleo Brasileiro
Posted on 08/22/2023
Mubadala is losing ground on its investment in a Brazilian oil refinery due to Petroleo Brasileiro’s policies. Mubadala owns the refinery through its operator Acelen, or MC Brazil Downstream. Mubadala has lost 37% on its bonds in the country. President Luiz Inacio Lula da Silva wanted to see cheaper petrol within the country, and Petroleo…
