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Brazil: Petrobras & CNPC Comprehensive Strategic Alliance

Brazil: Petrobras & CNPC Comprehensive Strategic Alliance

Alliance is to jointly evaluate opportunities in Brazil and abroad

 Petrobras and CNPC announce that Petrobras President Pedro Parente and CNPC Vice President and President of PetroChina, Mr. Wang Dongjin, signed a Memorandum of Understanding in Beijing to begin negotiations on a strategic partnership .

Based on this Memorandum of Understanding, the companies undertake to jointly evaluate opportunities in Brazil and abroad in key areas of mutual interest, benefiting from their capabilities and experiences in all segments of the oil and gas chain, including Potential structuring of financing.

For Petrobras, the realization of partnerships is an important strategy of the 2017-2021 Business and Management Plan. Strategic partnerships have the potential benefits of sharing risks, increasing the capacity of investments in the oil and gas chain, technological exchange and strengthening of corporate governance.

For CNPC, the partnership with Petrobras reinforces its interest in investing and increasing its activities in Brazil. PWKD06072017

Last modified onThursday, 06 July 2017 05:28
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