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Half the loan, which matures in 2027, will be disbursed this month and the rest in January 2018, when the company will pay the remaining $2.8 billion it owes to the Chinese bank on a 2009 loan, Petrobras said.
The preferential supply contract for 100,000 barrels of oil equivalent per day (boe/d) to Unipec will replace another for 200,000 boe/d which was signed in 2009 and set to expire in 2019.