[ad_1]
A logo of Brazil’s state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Acquire Licensing Rights
SAO PAULO, Aug 28 (Reuters) – Brazilian state-run oil company Petrobras said on Monday it has signed a memorandum of understanding (MOU) with China Development Bank (CHDB.UL) and Bank of China (601988.SS) to partner on a range of projects.
In a securities filing, Petrobras (PETR4.SA) said the non-binding agreements, set to cover low carbon initiatives, green finance, supply chain investments and trade exchanges, have a 5-year deadline and are aligned with its 2024-28 strategic plan.
Reporting by Carolina Pulice and Peter Frontini; Editing by Sarah Morland
Our Standards: The Thomson Reuters Trust Principles.
[ad_2]
Source link