Petrobras and Sinopec Ink MOU

Petrobras and Sinopec have signed a Memorandum of Understandings 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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