Petrobras Slashes Business Plan 25 Percent to $74 BillionBy
Looks to exit biofuels, fertilizer production, petrochemicals
Petrobras sees $19.5 billion in divestments in 2017-2018
Petroleo Brasileiro SA reduced investments by 25 percent and is accelerating asset disposals as it downsizes to withstand low international oil prices amid Brazil’s deepest two-year recession on record.
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