Article: Brazil : Brazil Petrobras Signs $10B Finance Deal With China Dev Bank.

Byline: manish03

Brazilian state-run energy giant Petrobras (PBR) and China Development Bank signed contracts finalizing a 10-year, $10 billion financing agreement, Petrobras said Wednesday.

The much-anticipated loan package will be used to finance Petrobras $174.4 billion 2009-2013 investment plans, Petrobras said. The financing deal was first announced in May.

In addition, an oil-supply agreement made in February between Petrobras and China Petrochemical ...

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