China’s CNOOC Pays Petrobras $1.9 Billion in Production Sharing Deal
- Last Updated on November 25, 2022
- Midstream & Downstream Oil & Gas
- Upstream Oil & Gas
A major Chinese oil and gas producer is investing in a South American company. According to Reuters, Brazil’s state oil firm Petrobras said it received 10.3 billion reais ($1.9 billion) from Chinese oil and gas major CNOOC, for a 5 percent stake in a production sharing deal at the Buzios oil field. With this agreement,
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