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Event Brief

Lula announces Petrobras R$37B investment in São Paulo

President Lula said Petrobras will invest R$37 billion in São Paulo through 2030.
WHO: Luiz Inácio Lula da Silva
WHAT: Announced Petrobras will invest R$37 billion in São Paulo state through 2030
WHEN: May 18, 2026 at 5:57 AM ET
WHERE: São Paulo, Brazil
WHY: To outline Petrobras’s planned investment in São Paulo through 2030

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