UPDATE 1-Petrobras says covers 2015 financial needs with loans, sale

April 17, 2015 11:02 PM

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BRASILIA, April 17 (Reuters) - Brazil's Petrobras said on Friday it approved 18.6 billion reais ($6.12 billion) in credit and sale operations to meet its financing needs as the state-run oil giant remains cut off from debt markets due to a widening corruption scandal.

Nearly 70 percent of the new credit lines came from state-run lenders, which reflects the growing concern of the Brazilian government with the country's biggest company, Petroleo Brasileiro SA, as it is formally known.

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