Petrobras will invest R$500 million in research

05/07/2002 - 18h38

Rio, 8 (Agência Brasil-ABr) – Petrobras has announced that it will invest R$500 million (US$168 million), or 1% of gross revenue, in research and development this year. The firm has 1,200 researchers and another 400 under contract, reports Jose Carlos da Fonseca, general manager of the firm's Research Center. (AB)