UPDATE 1-Petrobras to invest $19 bln, has cash for 2 -1/2 years -executives
January 11, 2017 at 08:52 AM EST
RIO DE JANEIRO, Jan 11 (Reuters) - Petróleo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year, signaling that efforts to cut debt and preserve cash are helping Brazil's state-controlled oil company regain investment capacity.