UPDATE 1-Petrobras expects to raise $1 bln on int'l markets

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RIO DE JANEIRO, Dec 3 (Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) (PBR.N) said Wednesday it expects to raise more than $1 billion on the international capital markets in December.

The resources, to be used in 2009, will be lent by a foreign bank, bringing the total raised by Petrobras on local and international markets this year to over $8 billion.

"It is pre-funding, to guarantee resources for next year," Petrobras financial director Almir Barbassa told Reuters.

Petrobras borrowed 2 billion reais ($877 million) from a Brazilian state-owned bank in October, raising questions about the company's financial health. Brazil's energy minister said the loan was due to "temporary" financial problems.

The company said the local bank offered the best conditions at the time.

"We are always looking (at conditions) here and abroad, and we go where conditions are the best," Barbassa said. (Reporting by Denise Luna and Rodrigo Viga Gaier, Writing by Inae Riveras; Editing by John Picinich)