Brazil's Petrobras to commission 52 vessels by 2026-end in $5.1 billion investment
RIO DE JANEIRO, May 29 (Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab will commission 52 vessels by 2026, investing 29 billion reais ($5.12 billion), said Chief Executive Magda Chambriard during an event on Thursday alongside President Luiz Inacio Lula da Silva.
Without providing further details, Chambriard said the firm will ensure up to 65% in local content for the construction of the vessels, which would help boost Brazil's shipbuilding industry.
($1 = 5.6621 reais)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
a day ago
- Reuters
Moody's changes Brazil's outlook to stable from positive, affirms Ba1 ratings
SAO PAULO, May 30 (Reuters) - Moody's Ratings on Friday changed its outlook on Brazil to stable from positive while affirming its Ba1 ratings, citing a deterioration in debt affordability and "slower-than-expected progress in addressing spending rigidity and building credibility around fiscal policy."
Reuters
a day ago
- Reuters
Brazil's Petrobras to cut average jet fuel prices by 7.9% as of June
RIO DE JANEIRO, May 30 (Reuters) - Brazilian state-run oil firm Petrobras ( opens new tab will cut its average jet fuel prices to distributors by 7.9%, or 0.28 real ($0.0490) per liter, starting June 1, the company said in a statement on Friday. ($1 = 5.7174 reais)
Reuters
a day ago
- Reuters
Brazil power co gets OK for data center project with TikTok interest
SAO PAULO, May 30 (Reuters) - Wind farm developer Casa dos Ventos has regulatory approval to move ahead with a 300-megawatt project in northeast Brazil where the company has been discussing a major data center investment with the owner of TikTok. Brazil's national power grid operator (ONS) gave the green light to connect the project at the Pecém port complex in Ceará, Casa dos Ventos told Reuters on Friday. The total investment in infrastructure and equipment for the data centers is expected to reach 50 billion reais ($8.7 billion), the company added. The ONS approval should speed up talks with major technology companies including ByteDance, the Chinese parent company of TikTok, a person familiar with the negotiations said. Reuters first reported last month that the Chinese company was eyeing a major Brazilian data center investment with Casa dos Ventos, which partnered in 2022 with TotalEnergies ( opens new tab on its wind power portfolio. ($1 = 5.7180 reais)
