Petrobras Proposes $111 Billion Business Plan for 2025-2029 [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Yahoo! Finance
a major move for both the company and the country's energy sector. The plan, revealed through a securities filing on Monday, outlines Petrobras' goals for the next few years, highlighting its vital role in the economy of Brazil. The company plans to focus on boosting oil production, refining and expanding its operations. Let us delve into the specifics of Petrobras' proposed plan, financial implications and its potential to strengthen Brazil's role as a global energy leader. Petrobras' board will review the business plan on Thursday, but the initial filing indicates significant growth ahead. The total investment of $111 billion is about $9 billion more than the previous 2024-2028 strategy, with a focus on exploration, production and refining. Petrobras aims to strengthen its position as Latin America's top oil producer, by producing about 3.2 million barrels of oil per day. A large portion of the investment, $77 billion, will go toward exploration and production, ensuring Petrobra
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