Petrobras signs $3.5B facility agreement with CDB

Petroleo Brasileiro SA (Petrobras) has executed, with China Development Bank Corp. (CDB), the first facility agreement of a cooperation arrangement to be implemented during 2015 and 2016.

This contract represents a $3.5 billion facility agreement, to be withdrawn by Petrobras Global Trading BV, Petrobras’ subsidiary. In addition, the parties confirmed the intention of developing new cooperation in the near future.

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