Petrobras Eyes China Loan

摘要

Brazilian state-controlled Petrobras is in talks on raising a second $10 billion loan from China Development Bank (CDB). The deal could be announced later this month when Chinese President Hu Jintao visits Brazil. A report last week from Brazilian news agency Estado said Petrobras needs funds to pay for its massive spending plans, and proceeds from the Chinese loan could be used to buy Chinese-made exploration equipment.