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In 2008, Petrobras realigned its international business strategy, in the light of the implications of the oil discoveries in the pre-salt layer. The company invested R$6.1 billion abroad, with the emphasis on penetrating new markets, and closed the year with activities in 27 other countries, in addition to Brazil.
In order to strengthen its activities in the biofuels segment, in July 2008, the company set up a fully owned subsidiary. Petrobras Biocombustível, which brings togheter all the activities in this Field that were previously distributed among differente áreas of Petrobras. The purpose of the new subsidiary is to develop and manage biodiesel and ethanol production projects.
Three elements of sustainability underpin Petrobras’ corporate strategy: integrated growth, profitability and social and environmental responsibility. Our commitment towards sustainable development also shapes the growth targets defined under the Business Plan 2009-2013, which has earmarked investments of US$ 174.4 billion.
