FOREX TradingCharts.com

Financial News: PETROBRAS: Business Plan Estimates US$ 74.5 Billion In

PETROBRAS: Business Plan Estimates US$ 74.5 Billion In Investments By 2022

12/21/2017 - 15:43:00 (RTTNews)

(RTTNews) - Petrobras' business and management plan for 2018 through 2022, approved by the Brazilian state-owned oil company's board of directors, foresees investments of US$ 74.5 billion, slightly higher than the US$ 74.1 billion projected in the previous 2017-2021 program.

The company said that it is "maintaining the same level of investments" compared to the previous plan and "continues to prioritize oil exploration and production projects in Brazil."

"In other business areas, investments are aimed at maintaining operations and projects related to the flow of oil and natural gas production," the oil company said in a statement.

Petrobras affirmed the volume of divestments for the 2017-2018 biennium of US$ 21 billion. The company noted that it would continue its efforts to reduce operating costs, predicting US$ 136.8 billion in manageable operating expenses by 2022.

The management of operating costs and divestments, "associated with a cash flow generation estimated at US$ 141.5 billion, after dividends, will enable Petrobras to invest and reduce its indebtedness, without the need for new net funding in the horizon of the plan", Petrobras said.

Meanwhile, oil and natural gas production has also been revised upwards and is expected to reach 3.55 million barrels of oil equivalent per day (boed) by 2022, with 2.88 million barrels per day (bpd) of oil and liquefied natural gas in Brazil. In the previous plan, the outputt was estimated at 3.41 million boed.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


CCR: Company May Bid For Subway Lines In Peru And Colombia (17 min(s) ago)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story»

ARGENTINA: President Macri To Travel To Moscow To Meet Putin (47 min(s) ago)
(RTTNews) - Argentinean President Mauricio Macri is expected to arrive at Moscow on Tuesday for a ...Full Story»

ARGENTINA: U.S. To Eliminate Import Duties To More Than 700 Products (41 min(s) ago)
(RTTNews) - Argentina will be able to export more than 700 products to the United States with a ze ...Full Story»

ARGENTINA: International Reserves Increased To US$ 55.055 Bln In December (33 min(s) ago)
(RTTNews) - The Argentinean central bank (BCRA) international reserves increased by US$ 491 millio ...Full Story»

U.S. Consumer Sentiment Unexpectedly Deteriorates In January (56 min(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of January, ...Full Story»

Nobel Laureate Shiller Predicts Total Collapse For Bitcoin: Report (05 min(s) ago)
(RTTNews) - Bitcoin may "totally collapse" though it may linger for a century, Nobel Laureate Robe ...Full Story»

Use Of Bitcoin Under Investigation In Bali (34 min(s) ago)
(RTTNews) - The Central Bank of Indonesia has launched an investigation to see if bitcoin is being ...Full Story»

UK Retail Sales Fall Most Since Mid 2016 (08 min(s) ago)
(RTTNews) - UK retail sales in December declined more-than-expected from the previous month when c ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

CCR: Company May Bid For Subway Lines In Peru And Colombia

01/19/2018 - 15:43 PM (RTTNews)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story>>

ARGENTINA: President Macri To Travel To Moscow To Meet Putin

01/19/2018 - 15:13 PM (RTTNews)
(RTTNews) - Argentinean President Mauricio Macri is expected to arrive at Moscow on Tuesday for a ...Full Story>>

ARGENTINA: U.S. To Eliminate Import Duties To More Than 700 Products

01/19/2018 - 15:07 PM (RTTNews)
(RTTNews) - Argentina will be able to export more than 700 products to the United States with a ze ...Full Story>>

ARGENTINA: International Reserves Increased To US$ 55.055 Bln In December

01/19/2018 - 14:59 PM (RTTNews)
(RTTNews) - The Argentinean central bank (BCRA) international reserves increased by US$ 491 millio ...Full Story>>

U.S. Consumer Sentiment Unexpectedly Deteriorates In January

01/19/2018 - 10:22 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of January, ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.