Petrobras brings good news Acquisition

Brazilian Company, Petrobras which has acquired 60% of interest in Namibian exploration recently on Tuesday said it has $10 billion credit line from the China Development Bank to refinance its investments and services that has bought from china.

Recently, It has acquired Independent group Chariot oil and Gas Limited for 50% interest in the offshore of southern Namibia for $16.04 million.

It has also reached its agreement with SINOPEC unit, UNIPEC Asia which will provide 150,000 barrels of oil per day for the first year and 200,000 barrel of oil per days on the following years. And will perform geological and geophysical research in Southwest African deep waters.