Petrobras Looks To Grow Oil Production Outside Brazil ...Middle East

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Petrobras Looks To Grow Oil Production Outside Brazil
source : OILPRICE ( Middle East ) () 45
Brazilian state-held oil firm Petrobras is considering growing its oil reserves and production with projects abroad after a major drilling project at home was denied due to environmental concerns, Reuters reported on Thursday, quoting sources familiar with the company’s plans. Petrobras, which hasn’t made a large domestic discovery in more than a decade, could decide on a U-turn in its exploration policy and look to grow outside Brazil instead of focusing domestically and shrinking its foreign presence as it has done over the past decade.…

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