Morgan Stanley

The plan of the company calculates a price of reference of 42 US$ the barrel for Brent petroleum, a price considered with high probability of the occurrence (most probable is than in little more of a year, price of petroleum widely surpasses the objective price on which the estimations were realised). On the way in which the plan of investments will finance, the oil esteem to obtain between 25% and 35% of financing, through several sources, including Brazilian and international banks. So far, for the 2009 investments of the oil one they will promote to US$ 28,600 million (with a price of reference of 37 US$ the barrel of Brent). Of these US$ 28,600 million, Petrobra’s owns in box US$ 10,500 million and it would obtain it to the rest through financial market (where the main financista will be the BNDES). This announcement of investments in a while appears in that the Brazilian economy was afflicted by the bad news about its performance that demonstrated the fort impact of international the financial crisis on the same, reason why this announcement represents a little lightening based on the perspective of the economy in the present year. With this plan of investments, Petrobra’s reinforces perhaps their good perspective for the medium and long oil term although for Brazilian, the 2009 are a difficult year since it is hoped that their results are reduced, according to affirm the analysts of Morgan Stanley, in a 60% in relation to the 2008 if the low international prices of the crude one stay (below 50 US$ the barrel). Original author and source of the article.