Petrobras Says it will Invest $300 Million to Improve its Refineries

Reuters, May 24, 2021

Brazil’s Petrobras said on Monday in a securities filing that it will invest $300 million through 2025 to improve the efficiency of its refineries, an initiative the company is calling RefTOP.

Petrobras said the investment was accounted for in its 2021-2025 strategic plan, which has already been presented to shareholders.

(Reporting by Marcelo Rochabrun; Editing by Ed Osmond)


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