Brazil's Petrobras ups investment plan to $68 bn, lowers output forecast

By 2026, Petrobras said it sees oil production of 2.6 million barrels per day.


FILE PHOTO: The facade of the headquarters of Petroleo Brasileiro S.A. (PETROBRAS) is pictured in Rio de Janeiro

Sao Paulo
Brazil's Petrobras said on Wednesday it expects to invest $68 billion from 2022 to 2026, a sharp increase from its previous five-year plan, as the state-run oil company seeks to

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First Published: Nov 25 2021 | 7:13 AM IST

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