16 July 2013 18:39 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazil energy producer Petrobras has signed a $1.5bn (€1.2bn) contract with Japan Bank for International Cooperation (JBIC) to buy equipment and services from Japanese companies working in Brazil and outside the country, the company announced on Tuesday.
Some 60% of the money will be borrowed from JBIC, with the other 40% coming from Japanese private financial institutions, Petrobras said.
The contract follows the guidelines of a memorandum of understanding that Petrobras and the bank signed in October 2012.
At that time, Petrobras said the money would be used to finance energy efficiency projects that would allow the company to diminish its emissions.
Petrobras has not disclosed any other details about the contract.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections