Exclusive: Brazil's Petrobras near deal with China's CNPC to swap refinery investment for oil

RIO DE JANEIRO (Reuters) – Brazil’s state-run oil company is nearing a deal in which China National Petroleum Corp Ltd (CNPC) would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially giving China its first refining capacity in the Americas.

Exclusive: Brazil's Petrobras near deal with China's CNPC to swap refinery investment for oil Exclusive: Brazil's Petrobras near deal with China's CNPC to swap refinery investment for oil Exclusive: Brazil's Petrobras near deal with China's CNPC to swap refinery investment for oil

doLafpiUU
READ Exclusive: Brazil's Petrobras near deal with China's CNPC to swap refinery investment for oil On Reuters

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com