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RIO DE JANEIRO Cheap Air Force 1 Low UK , Jan. 12 (Xinhua) -- Brazilian state oil company announced on Tuesday a cut of 32 billion U.S. dollars in its investment budget, and a 1.8 percent drop in its planned production for 2016.


In a press release, Petrobras said that it will invest 98.4 billion dollars in 2015-2019, down from the previous 130.3 billion U.S. dollars, due to falling oil prices and the devaluation of the real against the U.S. dollar.


This is the third successive cut in Petrobras' five-year budget, which was originally set for 221 billion dollars.


Meanwhile, it also lowered its production targets to 2.145 million barrels per day (bpd) in 2016 and to 2.7 million bpd in 2020 Cheap Air Force 1 High Womens UK , down from 2.185 million bpd for 2016 and 2.8 million bpd for 2020, respectively.


Petrobras said it will maintain its priorities in exploration and production, especially in the pre-salt zones of its deepwater Atlantic reservoirs.


Furthermore, the company is staying on track to divest itself of 15.1 billion U.S. dollars in assets in 2015-2016, with 700 million U.S. dollars in sales having already been completed.


Petrobras is undergoing a deep economic and institutional crisis after the emergence of a major corruption ring within its ranks and suppliers, which led to at least 2 billion U.S. dollars being embezzled between 2004 and 2014.


by William M. Reilly


UNITED NATIONS, Sept. 13 (Xinhua) -- The plight of Myanmar's Rohingyas -- refugees alone now nearing 380 Cheap Air Force 1 High Mens UK ,000 -- dominated on Wednesday United Nations (UN) Secretary-General Antonio Guterres' news conference preceding the annual VIP debate in the General Assembly.


While first warning the Southeast Asia crisis was destabilizing the region, it was not long after that he warned about destabilization for Northeast Asia. The nuclear and missile tests by the Democratic People's Republic of Korea (DPRK), he said, "created great instability and tension on the Korean peninsula, throughout the region and beyond."


"Our world faces major threats -- from the nuclear peril to global terrorism, from inequality to cyber-crime," Guterres said. "Hurricanes and floods around the world remind us that extreme weather events are expected to become more frequent and severe Cheap Air Force 1 High UK , due to climate change."


"No country can meet these tests alone," the UN chief said. "But if we work together, we can chart a safer, more stable course. And that is why (next week's) General Assembly meeting is so important."


This is his first General Assembly general debate since he became secretary-general on Jan. 1.


CATASTROPHIC HUMANITARIAN SITUATION IN MYANMAR


It was his concerns over the ethnic Muslim Rohingyas, both those in Myanmar's Rakhine State and those who fled to neighboring Bangladesh, that topped his list.


"Grievances that have been left to fester for decades have now escalated beyond Myanmar's borders, destabilizing the region Cheap Air Force 1 Flyknit Low Womens UK ," Guterres said.


Myanmar is overwhelmingly Buddhist.