Petroleo Brasileiro SA Petrobras, commonly known as Petrobras, has announced the signing of a memorandum of understanding (MOU) with the China National Chemical Energy Company (CNCEC) on April 17, 2024. The MOU, which will be in effect for two years, encompasses collaboration in various sectors including renewable energies, energy transition, and potential commercial agreements in oil exploration, fertilizer production, refining, biorefining, petrochemicals, engineering, construction, and services, as well as research and development. The immediate focus of the partnership will be the joint analysis of fertilizer and petrochemical assets. Petrobras has committed to disclosing material facts to the market in a timely manner as the partnership progresses.

Petroleo Brasileiro SA Petrobras, commonly known as Petrobras, has announced the signing of a memorandum of understanding (MOU) with the China National Chemical Energy Company (CNCEC) on April 17, 2024. The MOU, which will be in effect for two years, encompasses collaboration in various sectors including renewable energies, energy transition, and potential commercial agreements in oil exploration, fertilizer production, refining, biorefining, petrochemicals, engineering, construction, and services, as well as research and development. The immediate focus of the partnership will be the joint analysis of fertilizer and petrochemical assets. Petrobras has committed to disclosing material facts to the market in a timely manner as the partnership progresses.