"We intend to have internal discussions in order to have the
document ready by the end of the year," Mauricio Tolmasquim told
journalists in an IBP institute event.
Investors expected the company to release a new plan earlier
than usual since the current plan - released late last year -
differs from the vision of leftist President Luiz Inacio Lula da
Silva, who was inaugurated in January.
The executive, who heads up strategy and was recently
appointed to lead a new department focused on renewable energy,
said that the state-run company is late in its transition to
renewables but that would be a priority in the new plan.
Tolmasquim said that Petrobras will seek to lead the energy
transition in Brazil and blamed its tardiness in this area on
previous managements.
Investments in sustainable energy are inevitable for the
petroleum sector, he added, but said that oil would nonetheless
remain key to the company.
"Petrobras will still have for many years upstream and
pre-salt, because it's important to generate resources for the
company and for the country. It's not an adventure of going from
one activity to another."
He echoed previous comment from Petrobras CEO Jean Paul
Prates, who has said that while the company will become a
powerhouse in sustainable energy, it will still focus on oil
production and exploration.
(Reporting by Rodrigo Viga Gaier; Writing by Peter Frontini;
Editing by Cynthia Osterman)
RIO DE JANEIRO, April 18 (Reuters) - Brazilian oil firm
Petrobras has started internal discussions on its new
five-year strategic plan, though it will not be unveiled until
the end of this year, a senior manager said on Tuesday, adding
that sustainability will be a key focus.
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