Petrobras signed (1 April) the initial credit facility agreement under a cooperation deal with China Development Bank Corporation (CDB) to be implemented during 2015 and 2016. The agreement was signed in China during a visit by Petrobras CFO, Ivan Monteiro. 

The agreement is between the CDB and Petrobras Global Trading BV (PGT), and covers an amount of US$ 3.5 billion.

The parties also affirmed their intention to work together in the near future.

This credit facility agreement is an important milestone in the ongoing partnership between CDB and Petrobras, aimed at strengthening economic synergies between the two countries.