Letter of Intent with SINOPEC

abarrelfullabarrelfull wrote on 15 May 2014 07:34
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June 11, 2013

Petrobras , announces that it has executed, on June 11, 2013, a Letter of Intent with CHINA PETROCHEMICAL CORPORATION SINOPEC (SINOPEC), for the development of joint study for the Premium 1 Refinery Project, in the state of Maranhão.

The Letter of Intent is based on the interest of the SINOPEC, jointly with PETROBRAS, studying the feasibility of establishing a joint venture between the companies for the implementation of Premium Refinery 1.

Such Letter of Intent is not binding and does not create any obligation between the parties to enter into future trade or operational agreements after the outcome of the feasibility studies.


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