Petrobras will pay Bank financing with BNDES

Petrobras reported the day November 30, that the value received $ $1.25 billion with the closing of the sale of the participation in the exploratory block BM-S-8 for Statoil Brazil oil & gas LTD was used entirely for the partial settlement of the advance financing contract concluded between the carrier Gas associated S.A. (TAG), a wholly owned subsidiary of Petrobras, and the Banco Nacional de Desenvolvimento Econômico e Social (BNDES).

The oil company said that comes by adopting measures that use resources l.a. flightconnecting a program of disinvestment in order to reduce the value of the company's debt.

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