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Oil giant Petrobras plans to diversify...by building costly refineries, shipyards, petrochemical plants and perhaps even an overseas gas station network.
But those aggressive downstream plans are upsetting some shareholders...who feel it should concentrate only on exploiting...its 16b bbl of newfound reserves 200 miles offshore.
And the stock price has languished as the government-controlled company seeks to provide more employment and growth especially for its impoverished NE.
