Petrobras Reported in Jumbo Marubeni Loan

Petrobras Reported in Jumbo Marubeni Loan

Asia

Petrobras has signed an MOU with Japan’s Marubeni to potentially borrow $10bn from the Japanese conglomerate, mines and energy minister Edison Lobao has told local paper Valor in an interview. The proceeds would go towards financing the construction of a large refinery in the state of Maranhao, which would cost a total of $20bn. The facility could be ready as early as 2013, speculates Itau Securities. “Given that the situation is fraught with political issues, which means it shouldn’t be taken f

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial