13 Nov, 23

Brazil’s State-Run Oil Co Could Splash $100B On Projects Over 5 Years

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Brazil’s state-run oil company, Petrobras, could spend $100 billion on investments in projects it is currently analyzing and already committed to, a Reuters source suggested on Friday. Petrobras is set to issue its five-year plan that will cover 2024 through 2028. For now, the plan is still being discussed, but an anonymous Reuters source is suggesting that the plan could include $100 billion in investments. In August, Petrobras CEO Sergio Caetano Leite said that the company’s investments spelled out by its up-and-coming five-year plan…

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