After her nomination was announced during the first quarter of 2026, Petrobras President Magda Chambriard has officially assumed the position of Chair of Braskem’s Board of Directors.
The appointment reinforces Petrobras’ participation in the governance of the petrochemical company and represents another step in Braskem’s ongoing corporate reorganization process, a topic closely followed by the market since the initial announcement.
Magda Chambriard, CEO of Petrobras, has been elected chair of the board of Braskem, following recent changes in the company’s ownership structure.
The appointment comes amid the ongoing transition of control previously held by Novonor, marking a new phase in Braskem’s governance.
Petrobras holds approximately 47% of voting shares and 36.1% of total capital in Braskem, positioning itself as a key shareholder in the company. Chambriard’s election reinforces Petrobras’ role in the company’s strategic direction at a time of broader restructuring.
The move reflects a shift toward greater influence over governance without changes in equity participation, as Petrobras continues to reassess its position across the downstream and petrochemical segments.
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This week, Brazil’s energy sector has taken another decisive step toward growth and diversification with key announcements involving upstream, downstream and subsea segments.
McDermott has signed a “sizeable” contract with BRAVA covering the transportation and installation of flexible pipelines, umbilical and subsea equipment for new wells in the Papa-Terra and Atlanta fields. The agreement also includes pre-commissioning and onshore support services. The contract value ranges between $1 million and $50 million.
Meanwhile, Siemens and Seatrium have been selected to supply the compression systems for Petrobras’ FPSOs P-84 and P-85. The two units, central to Petrobras’ pre-salt expansion strategy, are expected to enter production by 2030. The total value of the supply contract is approximately R$ 2 billion.
Last Friday (4), Petrobras announced a R$ 33 billion investment plan focused on refining and petrochemicals at the Duque de Caxias Refinery (Reduc), in partnership with Braskem. The initiative revives major projects in the downstream segment and includes pilot production of Diesel R and Sustainable Aviation Fuel (SAF), improved integration with the Boaventura Energy Complex and expanded investment in workforce development.
Adding to this, Petrobras is now seeking to attract Chinese investment to support its naval and logistics infrastructure. A memorandum of understanding (MOU) signed in Rio de Janeiro brings together major Chinese firms such as COSCO SHIPPING, Offshore Oil Engineering Co. and China State Shipbuilding, along with Brazilian shipyards including
Estaleiro Mauá S/A, Enseada, Estaleiro Atlântico Sul and Estaleiro EBR (Estaleiros do Brasil Ltda), Petrobras and Transpetro will act as anchor clients with plans to commission 52 vessels and five FPSOs by 2026. The partnership aims to inject capital and technology into Brazil’s shipbuilding industry, aligning with government efforts to reindustrialize the sector after a long period of decline.