At US$236.5 billion, the recently released business plan budget of Petrobras, Brazil’s state-controlled oil company, has grown from US$224.7 billion for the 2011-15 period and from US$220 billion for the 2010-14 period and a seemingly paltry US$174 billion for the 2009-13 period. When making her presentation for the new 2012 to 2016 plan, Maria das Graças Foster, who took over from Jose Sergio Gabrielli as president of Petrobras in February of this year, emphasised the importance o....

Please login to read the rest of this story

Or click here to subscribe:

<< back