Updated Friday, November 6, 2009 11:30 am TWN, AFP

Brazil's Petrobras to get US$10 bil. Chinese loan

RIO DE JANEIRO -- Brazil's state-run oil group Petrobras said Thursday it has signed a contract permitting the first payment from a US$10 billion loan from China to help it finance upcoming investments. The credit, offered by the China Development Bank, will underwrite Petrobras' developments up to 2013.

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