Brazil's Petrobras cuts investments for 2017-2021 by 25%
Brazil economy
Rio de Janeiro - Arab Today
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Brazil's state oil giant Petrobras, reeling from a massive corruption scandal and low oil prices, announced Tuesday it will cut investments by 25 percent over the next five years. "Investments anticipated for the period from 2017 to 2021 will be $74.1 billion," the company said, a quarter less than during the previous five-year plan. |
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