Petrobras Powers Through To Pre-Salt Future

Brazil's state-run oil and gas producer Petróleo Brasileiro (Petrobras) is at the forefront of one of the oil industry's most exciting endeavours: bringing to market Brazil's recently-discovered pre-salt oil reserves. Despite fears of government interference in Petrobras' corporate strategy, investors will keenly watch the progress of a company whose massive 2011-15 capital expenditure plan looks to make Brazil a major oil exporter.

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