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Petrobras Obtains $10 bln Financing from China

Posted by February 27, 2016

Brazil's state-run oil company Petroleo Brasileiro SA, or Petrobras, said on Friday it had agreed on the terms of a deal to obtain $10 billion in financing from China Development Bank.

Petrobras, the world's most indebted oil company, said in a securities filing the agreement included supplying Chinese companies with fuel, similar to a deal reached in 2009.

(Reporting by Caroline Stauffer and Brad Haynes; Editing by Diane Craft)

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