SAO PAULO, Aug 15 (Reuters) - Brazil's Petrobras (PETR4.SA) , opens new tab will invest 870 million reais ($159 million) to resume operations at its Araucaria fertilizer plant in Parana state, it said on Thursday, in a move that was approved in June.

Activities at the plant, which makes urea and ammonia, were halted in 2020.

Production is expected to resume in the second half of 2025, the state-run oil company said in a securities filing.

($1 = 5.4639 reais)

Sign up here.

https://www.reuters.com/markets/commodities/petrobras-invest-160-million-resume-fertilizer-plant-operations-2024-08-15/