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Petrobras wants to become one of the biggest five oil companies

Petrobras continues saying they can be one of the most powerful oil companies in the world by means of biofuels. The truth is that the latest movements from Brazil and its state-owned oil company leave no doubt about their expansion intentions. Now it's the turn of José Sergio Gabrielli, Petrobras CEO, who announced that the company is going to invest 112,400 million dollars between 2008 and 2012. 87 percent of this money will be invested in Brazil and the remaining in all the international projects the company has abroad (check our ... Read more →

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