Questão 868340

Text LI-II – questions 9 and 10

1 In 1995, the stated-owned PETROBRAS lost the oil

monopoly it enjoyed since 1953 and is now starting to face

competition. It still dominates almost every segment of the

4 country’s upstream and downstream oil industry. But the

company is now changing at a fast pace. The new

management is graftingmodern structures onto the company

7 by dividing it into business units, creating profit centers and

introducing benchmarking* for all activities. Though, by

law, the government must hold a controlling majority in the

10 company, it plans to sell excess stock, raising a minimum

of about US\$ 2 billion.

*benchmarking – standard example or point of reference for making comparisons.

Internet: <http://www.buybrazil.org/econ.html> (with adaptations).

In text LI-II,

"it" (R.10) refers to PETROBRAS.