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Wednesday 24 February 2010

Oil & Gas

Brazil’s Odebrecht Plans to Invest 25 Billion Reais, Estado Says
February 01, 2010

Brazil’s Odebrecht SA plans to invest 25 billion reais ($13.2 billion) in three years to expand mainly in the infrastructure industry, O Estado de S. Paulo said, citing the company’s President Marcelo Odebrecht.
Odebrecht forecasts its annual sales will rise to at least 63 billion reais by 2012 from 38 billion reais currently, the newspaper said. Odebrecht wants to transform its oil and gas unit into the biggest non-state Brazilian company in the industry, Estado said.

By: Helder Marinho
Source: Bloomberg