Petrobras signs memorandum of understanding with Chinese company CNCEC

Source: www.gulfoilandgas.com 4/18/2024, Location: South America

Petrobras informs that yesterday it signed a memorandum of understanding with the China National Chemical Energy Company (CNCEC) covering several areas, especially renewable energies and energy transition.

The partnership also provides for the evaluation of potential commercial agreements in the areas of oil exploration; fertilizer production from natural gas and other sources; production development; refining; biorefining and petrochemicals; engineering, construction and services; as well as research, development and innovation.

The agreement will last two years and will be activated immediately with the joint analysis of fertilizer and petrochemical assets.

Material facts will be disclosed to the market on a timely basis.


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