Petrobras Hikes 10-yr Oil Output Target
Investing News Network - June 3rd, 2011
Reuters reports that on Friday, Petrobras (SAO:PETR3) announced that the company will produce more than any at 6 million barrels of oil equivalent a day in 2020.
Reuters reports that on Friday, Petrobras (SAO:PETR3) announced that the company will produce more than any at 6 million barrels of oil equivalent a day in 2020.
The market news is quoted as saying:
The previous global estimate, announced in 2010, was 5.4 million barrels.