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    Petrobras signs funding agreement with China Development Bank

    News // May 21, 2015

    On 19 May, Petrobras, Brazil's troubled state oil company, signed a US$5 billion funding agreement with China Development Bank, for period 2015 to 2016.

    The deal encompasses funding of US$3.5 billion already disbursed, as announced on April 1, and an additional disbursement of US$1.5 billion, adding up to US$5 billion in 2015.

     

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