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Article: Brazil: Petrobras signs $10 billion loan with CDB.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
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Byline: pinto03
Brazil s state-owned oil and gas company Petroleo Brasileiro SA (Petrobras) has signed the final agreements with China Development Bank Corp. (CDB) for a $10 billion loan, which has been under negotiation since May.
Petrobras Chief Financial Officer Almir Barbassa, who represented the firm in the signing ceremony, said, This funding is relevant not only due to the amounts involved, but also because it represents a new phase of relationship between developing countries.
The initial 10-year loan agreement was signed in May on the second day of a 3-day visit to Beijing by Brazil s President Luiz Inacio Lula da Silva between state ...