Petrobras plans over $100b investment concentrated on offshore oil exploration and production, CEO Jean Paul Prates says in an FT interview.
- “We need to keep the core [business] very safe ... We are not doing [a] crazy transition”
- Plans to return to areas it sought to exit including, petrochemicals, renewable power and fertilizers, along with increased investments in refining and biofuels
- Would also seek to establish Brazil as a leader in offshore wind as part of a diversification push
- Considering fresh expansion on Europe, West Africa and Americas as part of strategy overhaul
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