Brazil's Petrobras is investing $44 billion in 2010 as part of its 2009-13 Five-year investment plan of 174 billion dollars. This is the world´s largest corporate investment plan at this moment. Petrobras had invested 28 billion dollars in the first nine months of 2009.
In 2010, Petrobras will invest 20 billion dollars in exploration and production and 17 billion dollars in refining and petrochemicals, with the remainder going toward areas such as distribution and biofuels.
This is a great opportunity for Indian companies to get project and supply contracts.
The investment in the petroleum sector will make Brazil as a significant exporter in the coming years.