Petrobras $237 billion plan a fiction without fuel hike
Petrobras $237 billion plan a fiction without fuel hike
RIO DE JANEIRO (Reuters) - Petrobras , Brazil's state-led oil company, and its latest business plan have a serious problem. The company is likely to struggle to find the cash to pay for the hundreds of ships and dozens of oil fields, drill-rigs and platforms it wants in order to catapult Brazil into the ranks of the world's top-four oil producers by 2020. On Thursday, Petrobras made the world's largest corporate investment program even bigger, committing the company to $236.5 billion of spending by the end of 2016. ...
//news.yahoo.com/petrobras-237-billion-plan-fiction-without-fuel-hike-000356113--finance.html
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