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LatinNews Daily - 06 December 2018

In brief: Brazil

* The board of Brazil’s state-owned oil company Petrobras has approved its 2019-2023 Business and Management Plan, according to which the company will invest US$84.1bn in productive activities over the next five years, almost US$10bn more than during the last five-year period. Exploration and production (E&P), Petrobras’ biggest source of value generation, will receive 81.8% of the planned investment (US$68.8bn), with a particular focus on the development of deep water production in the 'pre-salt' areas.