News
17 December 2019
Petrobras repays $5bn CDB loan due in 2027
In:
Traditional energy
Region:
Americas, Asia-Pacific
Brazil's state-run oil company Petrobras has paid back a $5 billion loan from China Development Bank that was due in 2027, the company said in a securities filing.
The repayment means that Petrobras will no longer have the obligation of granting Chinese companies preferential access to 100,000 barrels per day of oil, it said.
