Brazilian oil giant Petrobras is considering a hike in its investment plan but has left its five-year production target unchanged.
The proposed $111bn plan, which covers 2025 through 2028, would lift investments by 8.8% compared with its last strategic plan, which called for $102bn in investments between 2024 and 2028.
The plan, which was discussed by its executive board last week, projects production of 3.2m
