12 de enero de 2016 / 11:30 / hace 2 años

Petrobras cuts five-year investment plan by 25 pct to $98.4 bln

SAO PAULO, Jan 12 (Reuters) - Petróleo Brasileiro SA , Brazil’s state-controlled oil producer, has cut planned investments by 25 percent for the 2015-2019 period to $98.4 billion, the lowest in years, to account for a weaker currency and declining cash generation.

In a securities filing, the company known as Petrobras said that 81 percent of the planned capital spending, or $80 billion, would go to exploration and production investments.

The lower spending would trim its output goal projection for this year to 2.145 million barrels of oil a day from a prior target of 2.185 million, the filing said. (Reporting by Guillermo Parra-Bernal; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below