Pricing And Operational Reforms Critical To Petrobras' SuccessJuly 2012 | Industry News
BMI View: We have viewed Petrobras' current operating model as being unsustainable for some time. As such, recent announcements of reform, including the raising of domestic fuel prices and a renewed commitment to operational efficiency should bring relief to investors. Indeed, its new US$236.5bn five-year investment plan depends upon these reforms for success.
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