Shares of Brazil’s Petrobras rose on Monday after the fast-growing state-run oil company boosted its 2006-2010 investment plan by 64 percent. “About half of the spending increase came due to higher costs but the other part is new investment,” said Lucrecia Tam, an analyst with Deutsche Bank Securities in New York.
Green Marine
about 21 years ago
Petrobras capex plan seen positive on new projects
Shares of Brazil’s Petrobras rose on Monday after the fast-growing state-run oil company boosted its 2006-2010 investment plan by 64 percent. “About half of the spending increase came due to higher costs but the other part is new investment,” said Lucrecia Tam, an analyst with Deutsche Bank Securiti
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