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Brazil’s Petrobras To Invest $225B

Petrobras is seeking to invest a total of around $224.7 billion.

Petrobras is seeking to invest a total of around $224.7 billion, Financial Times reports. The board of the state-owned oil company has also approved the five year investment plan.

As part of the plan, around 95% of the investments will be in Brazil and the remaining $11.2 billion abroad. Majority of the investment will be for developing its ‘pre-salt’ discoveries.

Click here for the story from Financial Times.

Click here for additional coverage from The Wall Street Journal.

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