Petrobras signs strategic alliance with China's Sinopec

Petroleo Brasileiro SA (Petrobras), Brazil's state-owned oil company, and China Petroleum & Chemical Corp. (Sinopec), have inked a strategic cooperation agreement centered around partnerships in oil exploration, production, refining, oil products sales, petrochemicals, pipeline engineering services, and technical cooperation, João Figueira, general manager of Petrobras's international department, told OGJ."Petrobras and Sinopec will now begin to identify and evaluate opportunities for joint development; thus, projects and investment values have not yet been defined," Figueira noted. The agreement will focus on Brazil but will cover other parts of the world as well, including ...

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