China's huge loans-for Petrobras , which is the Chinese " loans -for-oil " in the latest case , also signed a similar loan agreement between China and the oil Russia, Venezuela .

The new document signed yesterday also included toluene gas alarm started a wholly owned subsidiary of Petrobras and Sinopec signed a joint petrochemical companies in Asia long-term export agreement. Agreement, the first year of Petrobras exports to China 15 million barrels of oil per day , followed by nine years of 20 million barrels per day of oil exports to China . Petrobras and Sinopec also signed a memorandum of understanding , which includes several areas of mutual interest in cooperation , such as: oil exploration , refining , petrochemical, and other areas to provide finished products and services.

Petrobras announced that it has signed a 10-year $ 10 billion bilateral loan agreement with China Development Bank . The Brazilian government bilateral loan agreement is the result of cooperation and the Chinese government plans , the loan will be used for Petrobras investment plan , including its purchase of goods and services from China 's financing. According to the agreement signed yesterday, and the National Development Bank , the two sides agreed to increase Brazil 's oil exports to China .