Petrobras outlines plans for $5.5B in Brazil refinery improvements

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Joa_Souza/iStock Unreleased via Getty Images

Petrobras (NYSE:PBR) unveiled plans Thursday to invest ~30B reais ($5.5B) in refining and petrochemicals in Brazil's Rio de Janeiro state that align with the intent of President Lula da Silva's government to create jobs and accelerate economic growth.

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