Analyzed statement

What Luis Inacio Lula da Silva said about capitalize Petrobras to strengthen the company

Luis Inacio Lula da Silva

Luis Inacio Lula da Silva

October 17, 2022

View profile →

For

About: capitalize Petrobras to strengthen the company

Luis Inacio Lula da Silva: And many people in this country said it was impossible to extract oil from 7,000 meters deep.

Luis Inacio Lula da Silva: And we managed to extract it, and today the barrel of oil brought to land is almost the same price as a barrel of oil from Saudi Arabia.

The second thing is that I did Petrobras' capitalization of 70 billion, it was the largest capitalization in the history of capitalism in December 2010 and I turned Petrobras into the second largest energy company in the world.

Luis Inacio Lula da Silva · 73:45

Luis Inacio Lula da Silva: And that allowed us to become self-sufficient.

Luis Inacio Lula da Silva: What happened is that we decided to build refineries, yes.

Why it was classified this way · 88% confidence

claims 'eu fiz a capitalização de 70 bilhões' as a government action.

Excerpt from a public video, transcribed and classified by AI. See the Methodology