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Petrobras receives $117 mln from Credit Agricole for financing to acquire UK goods and services


By Reuters

Petroleumworld 04 13 2018

Brazilian state-run oil company Petroleo Brasileiro SA has received a financing line of 400 million reais ($117 million) from Credit Agricole Corporate Investment Bank to be used to acquire goods and services from UK suppliers, the company said.

In a statement on Friday, Petrobras, as the company is known, said the financing line expires in 2029 and comes with a guarantee from UK Export Finance, the United Kingdom's export credit agency.

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Reporting by Gram Slattery from Reuters. 04 13 2018

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