Word: petrobr
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Vila SocÓ was an accident waiting to happen. Part of the favela had been built illegally on private land near a gasoline pipeline owned by the state oil monopoly, Petrobrás. The day before the fire, Petrobrás had ordered the wrong pipeline to be opened, causing a leak in the pipeline that ran next to Vila SocÓ. Investigators contend that Petrobrás failed to monitor a pressure buildup on the line and stop the leak. At the time of the explosion, shortly after midnight, gasoline had spread throughout many ditches of the shantytown, creating...
...moral and intellectual depth . . . unquestionable knowledge . . . experience," a man who could provide the nation with "progress, well-being and happiness." This paragon, to no one's surprise, turned out to be another military man, ex-General Ernesto Geisel, 65, president of the state-owned petroleum monopoly, Petrobrás. Geisel must be approved by the electoral college before he is inaugurated for a five-year term on March 15, but this college is controlled by the generals' ARENA Party...
...model of efficiency, has no hobbies except reading (in four languages) and takes work home at night. He was a leader of the military coup that toppled Goulart on charges of "Communism and corruption." When he retired from the service to take over Petrobrás in 1969, he was a tough senior judge on the Supreme Military Tribunal that is charged with prosecuting "subversives...
...newspaper comment, however, there is already considerable private speculation in Brazil as to which of the dozen or so generals in the junta will be picked. The odds-on favorite right now seems to be General Ernesto Geisel, 64, who is head of the government-owned petroleum monopoly, Petrobrás. Geisel has one major advantage over other contenders: his brother Orlando is Minister of the Army and also a four-star general, which means they have eight stars between them. Geisel's business experience presumably would serve him well in guiding national economic policy...
Cleaning House. One obvious key to success is how wisely the new government cleans house. Under Goulart, leftist groups were nourished by government corruption. The large Communist labor unions lived off federal doles; Petrobrás, the state oil monopoly, spent billions of cruzeiros to bankroll the National Student Union and other extremists of the left. Last week federal "interventors" were in command of most of Brazil's labor unions and state enter prises, including Petrobrás. Meanwhile, the arrests and imprisonments by the new government continued with a grim purpose that sent shivers up many Brazilian spines...