Brazil's Petrobras obtains $2 bln bank credit line
SAO PAULO, April 29 |
SAO PAULO, April 29 (Reuters) - Brazilian energy giant Petrobras (PETR4.SA) (PBR.N) said on Wednesday it had obtained a $2 billion credit line from the U.S. Export-Import Bank.
Petrobras said in a statement to investors that the loan would be used to source equipment from the United States required for its expansion plans.
The company plans to invest $174 billion from 2009-13 to expand oil output. (Reporting by Marcelo Teixeira; Writing by Peter Murphy)
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