Petrobras plan reins in capex

Giant's five-year business plan to 2024 features $64.3 billion in spending on E&P but total spend is lowest since 2006 to 2010

Divestment target: Petrobras chief executive Roberto Castello Branco — Divestment target: Petrobras chief executive Roberto Castello BrancoPhoto: AP/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil Petrobras Americas South America

Published 4 December 2019, 16:15Updated 4 December 2019, 16:15