Petrobras’ five-year investment plan reduced by 2% to $109bn

Brazil’s state-owned Petrobras has announced that its Board of Directors approved its investment plan for the next five years, Business Plan 2026–2030 (BP 2026–30). The investment budget was reduced by 2% to $109bn (581.2bn reais) as the state-owned oil and gas company adjusts to lower international oil prices. Out of the total investment, $91bn will be directed to projects under implementation, including $10bn for projects needing budget confirmation and financing analysis. The remaining $18bn budget i ...