Brasília, 9/1/2003 (Agência Brasil - ABr) - The president of Petrobras, José Eduardo Dutra, says that the company will invest R$24 billion next year. As for the construction of a new refinery, Dutra explained that the decision on its location has not been made and will only be announced next year. "Petrobrás is involved in the studies on the new refinery, but a decision has not been made yet," declared Dutra, adding that the new refinery should be operational in 2008. (AB)