Petróleo Brasileiro (Petrobras) confirms that it signed a US multi-billion dollar cooperation agreement with China Development Bank Corp. (CDB).
Funding will be for years 2015 and 2016, which includes US$3.5 billion, already disbursed, reported by Petrobras to the market on 1 April 2015. In addition, $1.5 billion will be disbursed totaling $ 5 billion in financing in 2015.
The agreement was signed by Petrobras President Aldemir Bendine, and CDB President Hu Huainbang, during a ceremony held in Brasilia.
This agreement continues the strategic partnership between the CDB and Petrobras, strengthening cooperation between the economies of both countries.
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