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Petrobras CFO Says Company Could Boost Investments Up To 10% Over 5 Yrs

BRAZIL
  • PETROBRAS MAY INCREASE INVESTMENTS IN NEW FIVE-YEAR BUSINESS PLAN BY UP TO 10% DEPENDING ON NEW PROJECTS, SAYS CFO - Reuters News
  • Brazil's Petrobras may increase investments in its next five-year business plan by up to 10% over the previous one, which would place the state-run oil company's capital expenditures at around $86 billion, Chief Financial Officer Sergio Caetano Leite said in an interview on Monday.
  • The increase in the 2024-2028 plan, still being discussed, would include some $4 billion in inflation adjustments and between $1 billion and $4 billion for new projects, Leite said.

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