Petrobras secures massive Danish credit

EKF, the Danish export credit agency, has now issued a credit worth millions to Brazilian oil giant Petrobras, which will help secure Danish companies a part in the country's growth, writes Danish newspaper Børsen.
Photo: Kjetil Alsvik/Statoil
Photo: Kjetil Alsvik/Statoil

USD 526.5 million EKF credit to Brazilian Petrobras will hopefully induce the oil giant to use Danish subcontractors in its futher ventures. In that way, the company won't have to worry about financing, writes Børsen. The credit marks the single largest guarantee issued to a single entity by EKF.

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