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Weekly Report - 30 November 2023 (WR-23-48)
BRAZIL: Petrobras to increase spending over next five years
Brazil’s state-owned oil company Petrobras released its 2024-2028 five-year investment plan (‘Plano Estratégico’, PE) on 23 November. In its first investment plan under the incumbent administration led by President Luiz Inácio Lula da Silva, the oil giant is anticipating investing US$102bn from 2024 to 2028, which constitutes a 31% increase compared with the previous PE.
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