São Paulo – Oil company Petrobras is going to invest US$ 15.9 billion in its business abroad by 2013. According to information disclosed by the company yesterday (13), most of the funds are going to the area of exploration and production (79%), followed by gas and energy (8%), refining, transportation, trade and petrochemicals (7%) and distribution (5%).
The countries to where the Brazilian state-owned company is going to invest are the United States (28%) and Argentina (16%). In Africa, the company is going to invest 17% of the funds in Nigeria and 5% in Angola.
Petrobras also has operations in Bolivia, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela, Cuba, Mexico, Portugal, the United Kingdom, Turkey, China, Singapore, India, Iran, Japan, Pakistan, Libya, Mozambique, Senegal and Tanzania. The business in these nations should receive 17% of the total. Another 22% should be invested in new enterprises.
This year, the company estimates production of 244,000 barrels of oil equivalent a day abroad, being 142,000 barrels of oil and 103,000 barrels of oil equivalent of natural gas.
The company forecasts annual growth of 8.8% in production aboard by 2013, from the current 224,000 barrels of oil equivalent per day to 341,000, being 210,000 oil and 131,000 gas.
For 2020, the forecasted growth is 9% a year, and daily production should reach 632,000 barrels, being 409,000 oil and 223,000 natural gas.
*Translated by Mark Ament
