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Petrobras delays strategic plan; receives investment offers

12/15/2008
Brazil’s Petroleo Brasilerio SA (Petrobras) continues to review its 2009-13 strategic plan, with no deliberation taking place yet at the board level, according to an official report.Even as the company firms up its plan, however, government officials claim to have no concern over funding, especially as substantial offers of finance are coming in from other nations such as China and the UAE.“The company is finalizing the review of its strategic plan,” Petrobras said in a filing with stock regulators. “Until now, there has not been any deliberation by either executive directors or the board of the company about the plan.”Mines and Energy Minister Edison Lobao t...
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