Petrobras Unlikely to Finish Investment Plan by June 26

It will be "very difficult" for Brazil's state-run oil company Petroleo Brasileiro SA to finish and present its 2015-2019 investment plan to its board of directors by June 26 as originally planned, a company official said on Wednesday.

 

Several points in the plan, which is updated annually, need be worked out before it can be submitted to the board, Hugo Repsold Junior, head of the company's gas and energy division told reporters in Rio de Janeiro.