General – Petrobras and China
Petrobras signed two important agreements with the main Chinese banks operating in the oil, gas and energy industry: the China Development Bank (CDB) and the Bank of China.
The signing of the memoranda of understanding (MoUs) took place during the strategic mission of the CEO of the Brazilian company, Jean Paul Prates, to China.
The documents are intended to assess opportunities for investment and cooperation in low carbon initiatives and green finance, to help finance Petrobras’ domestic supply chain, and to increase commercial and financial exchanges between Petrobras and Chinese companies.
The MoUs are non-binding and, after completing the necessary technical analyses and cost, term and return estimates, the projects will be able to be assessed by the appropriate internal approval authorities, in accordance with the company’s governance.
The agreements have a five-year term and are in line with the strategic elements of the 2024-28 Strategic Plan, which intend to prepare Petrobras for a more sustainable future, contributing to the success of its energy transition.
The signing of documents with the China Development Bank and the Bank of China are part of the set of initiatives of Petrobras’ mission to China, aimed at fostering partnerships and business with large Chinese companies and financial institutions in the exploration and production, refining and processing segments, energy transition and other areas of the industry.
