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Brazil’s Petrobras to Invest US$54 Billion in Rio Over the Next Five Years

RIO DE JANEIRO, BRAZIL - Petrobras plans to invest US$54 (R$212) billion in projects in the state of Rio de Janeiro over the next five years. The news was provided by the company's president, Roberto Castello Branco, during lunch at the Rio de Janeiro Trade Association.

According to Castello Branco, Rio de Janeiro will benefit from the revenue generated from oil production. Last year, the company paid approximately R$17 billion in taxes, and this trend is on the rise, with taxes from Petrobras' activities, as well as from other companies investing in pre-salt.

The president of . . .

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