Petrobras signs credit facility with China bank
State oil Petrobras recently signed the initial credit facility agreement under a cooperation deal worth $3.5 billion with China Development Bank Corporation (CDB) to be implemented during 2015 and 2016.
The agreement was signed in China during a visit by Petrobras CFO, Ivan Monteiro.
The parties also affirmed their intention to work together in other areas in the near future.
