The sharp depreciation in Brazil's currency isn't swaying investment decisions at GE, the head...

|By:, SA News Editor

The sharp depreciation in Brazil's currency isn't swaying investment decisions at GE, the head of its oil and natural gas division says. GE is expanding its operations in Brazil; today, GE said it completed an expansion of its service and subsea systems facilities at the primary base of operations for offshore oil production in the Campos Basin, which produces more than 85% of Brazil's crude oil output.