Brazil's Petrobras cuts spending plan on real, oil price slump

lunes 5 de octubre de 2015 18:26 GYT

SAO PAULO Oct 5 (Reuters) - State-controlled Petróleo Brasileiro SA on Monday cut spending plans for this and next year, in the wake of a sharp plunge in the value of Brazil's currency and international oil prices.

In a securities filing, the company commonly known as Petrobras said capital spending will be cut to $25 billion and $19 billion for 2015 and 2016, respectively, from $28 billion and $27 billion previously. Expected costs plus operating expenses excluding purchases of raw materials were trimmed for this and next year as well, the filing added. (Reporting by Guillermo Parra-Bernal; Editing by Grant McCool)