Stay Connected

Brazil, China agree on $10 billion loan package

05/25/2009
Brazil’s Petroleo Brazileiro SA (Petrobras) completed negotiations with the China Development Bank for a 10-year, $10 billion bilateral credit line.“The $10 billion is going to be used in our strategic plan that needs [the investment of] $174.4 billion from now until 2013,” said Petrobras Chief Executive Jose Sergio Gabrielli de Azevedo.The 10-year loan agreement was signed on the second day of a recent 3-day visit to Beijing by Brazil's President Luiz Inacio Lula da Silva between state visits to Saudi Arabia and Turkey.The Brazilian firm said the loan, which includes funding for the purchase of goods and services from Chinese companies, also includes an increase in...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.