Petrobras (PBR) Plans $25.1B on Refining Expansion, Looking at Another $31.2B in Projects

August 29, 2012 1:28 PM EDT
Petroleo Brasileiro (NYSE: PBR) (Petrobras) is anticipating investing $25.1 billion in expanding refining capacity, according to refining head Jose Cosenza. The state-owned Brazilian oil giant is also weighing projects worth $31.2 billion.

Cosenza is making comments in Rio de Janeiro.


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