Brazilian president endorses Petrobras’s investment

02/09/2009
Brazilian President Luiz Inacio Lula da Silva, endorsing statements by officials of state-run Petroleo Brasileiro SA (Petrobras), said his country will fully implement projects laid out in the firm’s 2009-13 business plan.Lula’s remarks, coming amid journalists’ questions over changes in Brazil’s oil and gas law, reiterated earlier comments by Petrobras Pres. Jose Sergio Gabrielli de Azevedo.“We will implement upwards of 500 projects, ensuring investments and generating jobs at the lowest possible cost,” Gabrielli said, referring to the company’s 2009-13 business plan announced last month (OGJ, Jan. 26, 2009, p. 27). “The preparation of the ...
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