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Perspective
02 April 2015

Petrobras secures $3.5 billion from China Development Bank

Region:
Americas
Jonathan Bell
Jonathan Bell
Editor-in-chief
Brazil’s state-run oil company Petroleo Brasileiro (Petrobras) has signed a $3.5 billion credit facility with China Development Bank (CDB). The deal comes at a particularly low point for Petrobras, with the highly indebted oil producer turning to China for funds

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