Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR:...

Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR: 32.75 -0.84 -2.50%), or Petrobras S.A., announced its 2010-2014 strategic plan, projecting investments of $224 billion during the five-year period.
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This is up from $186.6 billion earmarked for 2009 ? 2013 and also exceeds the company?s previous guidance of $200 ? $220 billion. Petrobras attributed the budget hike to the approval of new projects worth $31.6 billion, with $19.7 billion of that going into exploration and production.???
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Of the total capital expenditure, $212.3 billion (or about 90%) will be invested in Brazilian?projects, with?the remaining portion?going to?overseas ventures. The Rio de Janeiro-based firm has earmarked the lion?s share of the funds (approximately 53%) for upstream activities, while 33% of the capital will be spent on downstream projects (refining, transport and marketing).?????
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Petrobras plans to finance the massive investment with $165 billion in operational earnings (based on an average price of oil of $80 per barrel), supplemented by a capital infusion of $58 billion.
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What's $50 million to petro it's like toll money you leave in your car lol