**Petrobras Could Start Production at Foz do Amazonas Within Seven Years, CEO Says**
*October 21, 2025 – 8:05 PM ET*
Petróleo Brasileiro S.A. (Petrobras) has the potential to begin oil and gas production in the Foz do Amazonas basin within seven years, according to CEO Magda Chambriard.
In an interview with Reuters on Tuesday, Chambriard stated that production timelines hinge on the confirmation of large reserves in the area.
Adding momentum to the project, Brazil’s environmental agency Ibama approved Petrobras’ plans on Monday, clearing a significant regulatory hurdle.
Stay tuned for more updates as developments unfold.
https://seekingalpha.com/news/4506442-petrobras-could-start-production-at-foz-do-amazonas-within-seven-years-ceo-says?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news
