Petrobras Plans $5 Billion in Petchem Investments through 2016

Brazil’s state oil company Petrobras (São Paulo) has released its 2012-2016 business plan, targeting capital investments of $236.5 billion for the next five years, up 5.3% from the 2006-2011 plan. Petrobras plans to spend $5 billion in petrochemicals through 2016, compared with $3.8 billion in the 2006-2011 plan. Petrobras also makes specific reference to an ammonium sulfate fertilizer plant and the Tres Lagoas fertilizer plant, under investment Petrobras’ Gas & Energy segment, says Juliette Kerr, senior research analyst/Americas &...

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