Petrobras plans to double oil output by 2015 and exit debt market in 10 years

Tuesday, July 26th 2011 - 13:29 UTC

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Brazil’s government managed Petrobras said its plan to more than double oil output will boost cash flow and eliminate the need to tap debt markets after about 10 years. Profits from oil sales will be enough to cover operating and debt costs starting in about 10 years, said Chief Financial Officer Almir Barbassa. Read full article

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mastershakejb
UKer's mad, while their precious BP bein talked about bein split apart and disappointing investors and performance, lol.
Jul 27th, 2011 - 11:52 am - Link - Report abuse 0
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