Brazil's Petrobras covers 2015 financial needs with loans, sale

April 17, 2015 9:31 PM

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BRASILIA, April 17 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA said on Friday it has approved a series of credit and sale operations to cover its financial needs for this year.

Petrobras, as the company is known, approved a letter of credit for export from Banco do Brasil for 4.5 billion reais ($1.48 billion) through its subsidiary BR Distribuidora.

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