This Thursday (22), Petrobras was paid US$ 5 billion, as a result of the financing contract signed on the 15th of this month with China's Development Bank (CDB). The financing contract will be in force for ten years.

Therefore, according to the company, there is no need for new net funding for the 2017-2018 biennium, established in the 2017-2021 Business and Management Plan. Nonetheless, the company has informed that it will continue to assess new funding opportunities, as per its liabilities management strategy, with the aim of improving the amortisation profile and reducing debt cost.

Petrobras has also signed commercial contracts with the Chinese companies National United Oil Corporation, China Zhenhua Oil Co. Ltd. and ChemChina Petrochemical Co. Ltd. Together the three contracts establish a preferential supply to these companies of a total volume of 100 thousand barrels of oil a day, as per market conditions for a period of ten years.