Petrobras & Sinopec commit to boost business volume
09 Jul '08
1 min read
Petrobras and Sinopec, a Chinese national oil company, signed a Memorandum of Understandings (07/01), in Brasília, aimed at a mutual commitment to increase the volume of business between the two companies.
Petrobras already has a domestic oil exports agreement with the Chinese company. This year, Sinopec has purchased come 12 million barrels.
Petrobras' Services director, Renato de Souza Duque, signed on behalf of the Company, while Senior Vice-President, Cai Xiyou, signed for Sinopec.
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