
Petrobras Signs $1bn Loan to Finance Cogeneration, Flaring Gas Reduction
Brazil’s state-owned oil company Petrobras has signed a loan of up to $1 billion to finance a cogeneration facility and other GHG-reducing efforts. The Japan Bank for International Cooperation (JBIC) will pay $600 million, according to JBIC, while the Bank of Tokyo-Mitsubishi UFJ, which is co-financing the loan, will provide ... Read more »