07 November 2011 23:37 [Source: ICIS news]
PORTO ALEGRE, Brazil (ICIS)--With Brazil's demand for oil products growing faster than the world economy, Petrobras wants to target Japanese investors, the company said on Monday.
During a press conference held on Monday at the Brazilian Chamber of Commerce in ?xml:namespace>
"From 1980 to 2011, Petrobras had increased its oil production more than 10 times, which is expected to grow from 2.1bn bbl/day to 4.9bn bbl/day by 2020," he said.
During his speech, Gabrielli presented a business plan which says the company plans to expand its refining capacity to meet the increase in oil products and ethanol production.
Biodiesel supply will grow by 16% to 855,00m3 in 2015 from 735,000m3 in 2011, according to Petrobras' plan.
For more on Petrobas, visit ICIS company intelligence
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