RIO DE JANEIRO - Brazilian oil company Petrobras may not need to go to the debt market in 2010 to raise capital if its minority shareholders buy more than $10 billion in shares from a potential offer, the company's financial executive said Tuesday.

The government is planning a massive capitalization plan for Petrobras that will potentially give the state a larger stake in the company and give the firm capital to bankroll the exploration and production of its subsalt fields. (Reporting by Denise Luna; writing by Reese Ewing; Editing by John Picinich)

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