Petrobras Repays 2 Bln Real Loan, Opens Fresh Credit Line

Friday, October 5, 2018

Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025.

The world's most indebted oil company said that with the new credit line, it has 6 billion reais ($1.55 billion) available from Brazilian banks and $4.35 billion on tap from international banks.


($1 = 3.8750 reais)

(Reporting by Alexandra Alper)

Categories: Offshore Finance Energy Offshore Energy Industry News FPSO South America Floating Production

Related Stories

Guyana, Dominican Confer on Oil Drilling, Refining

Guyana, Dominican Confer on Oil Drilling, Refining

Exxon to Expand O&G Output in Guyana

Exxon to Expand O&G Output in Guyana

TotalEnergies Signs LNG Supply Deal with India’s GSPC

TotalEnergies Signs LNG Supply Deal with India’s GSPC

Current News

Asso.subsea Introduces Marine Technology Business Unit

Petronas Inks Two More PSCs for Bid Round 2024, Launches Round 2025

Vår Energi Picks Operator for Offshore Helicopter Services in Norway

Spain to Open First Offshore Wind Tender Later in 2025

Subscribe for OE Digital E‑News

Offshore Engineer Magazine