The medium-term agenda in Brazil and the future of Petrobrás

Abstract This paper discusses the possible privatization of Petrobrás. It is argued that, despite the economic reasons that recommend its sale, probably the prerequisites for it will not exist in the short term. The purpose of the paper is to contribute to the discussion of this proposal, through the organization of the arguments related to the privatization - the “YPF model”. The alternative is the “PDVSA model”, opening up the oil sector, with Petrobrás remaining a State-owned company. Finally, some issues for reflection are suggested and some data associated with the company’s actual value are presented.