Tag: p-52 Petrobras oil rig

• Wednesday, October 14th 2015 - 08:01 UTC

  China to the rescue of cash strapped Petrobras with $2bn for a 10-year lease of two platforms

  

  Brazil's state-run oil firm Petroleo Brasileiro SA will raise $2 billion through a 10-year leasing contract with China's Industrial and Commercial Bank of China Leasing, the Brazilian company said in a statement on Tuesday.