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Petrobras attains the CDB loan billions dollars
- Categories:Industry News
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- Time of issue:2020-03-31 14:57
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Petrobras attains the CDB loan billions dollars
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-03-31 14:57
- Views:
According to petrobras personage 29 confirmed that the company has with the China development bank (CDB) signed a New Deal. CDB will provide a $10 billion loan to Brazil, the details are still being discussed.
Petrobras's announcement said: "in 2015, China's prime minister, li keqiang, during a visit to Brazil, the Brazilian oil and CDB reached in 2015 and 2016, two institutions funding arrangement agreement. This agreement is the last year, the future developments of the agreement."
Petrobras currently total debt about $130 billion, is one of the debt burden of the world's biggest oil producer. The company debts of more than $20 billion over the next two years. Brazilian media commented that the CDB's billion-dollar loans could help Brazil debt service pressure of oil this year.
Petrobras said the CDB loan conditions are similar to the 2009 agreement. In 2009, the two agencies have signed the same amount of a loan agreement. Brazil oil get loans in the first year of 150000 barrels of crude oil exports to China Daily, then nine years exported 200000 barrels a day.
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