Petrobras has entered into a 10-year financing deal with China Development Bank Corp and will be selling over a period of 10 years a total volume of 100,000 bpd to China National United Oil Corporation, China Zhenhua Oil Co. Ltd, and Chemchina Petrochemical Co. Ltd, subject to market conditions. Brazil's state-run Petrobras signed a $5bn, 10-year financing agreement with China Development Bank, as well as an oil supply deal with China National United Oil Corporation, China Zhenhua Oil and Chemchina Petrochemical, subject to market conditions. The two deals are expected to be finalised by the end of this year, according to Brazilian news agency Agencia Brasil.
Brazil's state-run Petrobras signed a $5bn, 10-year financing agreement with China Development Bank, as well as an oil supply deal with China National United Oil Corporation, China Zhenhua Oil and Chemchina Petrochemical, subject to market conditions. The two deals are expected to be finalised by the end of this year, according to Brazilian news agency Agencia Brasil.