Brazil’s Petrobras Seals Cooperation Deal With Chinese Oil Giant ...Middle East

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Brazil’s Petrobras Seals Cooperation Deal With Chinese Oil Giant
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Brazil’s state energy major Petrobras has inked a strategic cooperation deal with China’s state oil major CNOOC. The deal, Reuters reports, citing a China-backed outlet, would focus on refining and chemical engineering, but also oilfield services and low-carbon energy projects. The Chinese company, which almost exclusively focuses on overseas projects, already has a modest presence in Brazil, Reuters notes, with a minority stake in the Buzios field—one of the promising new developments in Brazil’s presalt offshore zone.…

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