Brazil - 04

Brazil: Implications of the Petrobras-China Development Bank Deal

In late March Petrobras announced that it has closed a $3.5bn deal with CDB, the first part of a general partnership for 2015-2016.Though Petrobras did not publicly divulge details about the financing deal, credible speculation in local political and business circles points to a possible agreement that involves purchasing Chinese machinery and equipment over an extended period of time.

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