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Petrobras increases its five-year investment plan - sources

By Sabrina Valle

HOUSTON, Nov 30 (Reuters) - Petrobras' board on Wednesday approved an increase in the company's five-year business plan, bringing it closer to $80 billion, from $68 billion now, two people with knowledge of the information said.

Petroleo Brasileiro SA, as the Rio de Janeiro company is formally known, will raise investments across exploration, production and refining between 2023 and 2027, the people said. The company will also increase investments in decarbonization to around 6% of the total, from 4%, one of the people said. (Reporting by Sabrina Valle; Editing by Mark Porter)