Brazil's largest state-owned oil company - Petrobras (Petroleo Brasileiro SA) Beijing November 4 night announced that the company and China has 10 billion U.S. dollars loan for oil, signed a definitive agreement. As a result, China is expected to receive at least the end of 2010 from Brazil, 10 million tons of crude oil / year.
Brazil's state oil company issued a notice shows that the company started in May this year with China's State Development Bank had already started the relevant negotiations, final agreement was finally signed this week, two. Under the agreement, China Development Bank to the Brazilian national oil company to provide 10 billion U.S. dollars loan for technological upgrading equipment modification and increase capacity, while Brazil's state oil company in the next 10 years, the supply of oil to Sinopec.
Nov. 8, 2009
