Brazilian Petrobras Slashes Production, Capital, Investment Plans

• Wednesday, 13th January 2016
• by Egypt Oil & Gas

Brazil's state-run oil producer, Petróleo Brasileiro SA (Petrobras), has slashed its production targets by 1.8% to 2.1mb/d and capital spending budget by 24.5% to $98.4m in the period between 2015-2019.