New Petrobras Supply Chain Financing Engineering
Claudio Paschoa
October 20, 2010
Petrobras supply chain to receive an unheard of $1.8 billion (R$3 billion) in financing by major national banks.The $1.8 billion in financing for the Petrobras supply chain, which has never occurred before, will be undertaken by the biggest banks operating in Brazil, through the Progress Program (Programa Progredir). The banks involved in the financing operation are Bradesco, Banco do Brasil, Santander, Caixa Economica, HSBC and Itaú. The targets are the 34 thousand direct suppliers and 216 thousand indirect suppliers for Petrobras. The goal is to preferentially beneficiate the small and medium companies that supply equipment and materials to Petrobras´ direct suppliers.