Petroleo Brasileiro SA (PETR4) said its $224.7 billion investment plan for the 2011-2015 period is maintained and denied speculation that it’s discussing cuts in the program, according to an e-mailed statement.
Veja magazine reported yesterday in its Radar on-line column that Petrobras would announce a cut in the investment plan tomorrow. The magazined didn’t say where it obtained the information.
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