SAO PAULO Dec 16 Petróleo Brasileiro SA
(Petrobras) has signed definitive terms for a $5
billion, 10-year financing agreement with China Development Bank
Corp and an oil supply accord with Chinese companies, as the
Brazilian state-controlled oil company seeks to secure a stable
stream of revenue and funding for the coming years.
In a securities filing, Petrobras said the financing deal
was signed Thursday.
It also agreed to sell 100,000 barrels of oil per day for
the next decade to China National United Oil Corp, China Zhenhua
Oil Co Ltd, and Chemchina Petrochemical Co Ltd subject to
"market conditions", the filing said.
(Reporting by Guillermo Parra-Bernal; editing by Jason Neely)