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Commodities Briefing - Categorized | Investment, Oil more

Petrobras to invest $26bln this year

Posted on 12 February 2009

From AP: Brazil’s state-run oil company says it will invest about $26 billion this year. The president of Petrobras, Sergio Gabrielli, says the majority of those investments are destined for newly discovered offshore oil fields.

Up to 80 billion barrels of oil are thought to be in those fields, a figure that could make Brazil a top exporter of oil….. Full Article: Source


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