Petrobras Will Offer Loans to Its Suppliers to Help Them Face the Impact of the Economic Crisis

Written by Valdemar Medeiros

Published on 25/11/2020 at 14:17

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Petrobras Aims to Extend Deadlines and Payments Due to the Drop in Demand and Oil Prices and Open Loan Requests Aiming to Mitigate the Economic Crisis. The Sector Fears Disruption in a Supply Chain of Over 400 Thousand Workers.

Petrobras is offering loans to more than 9,000 suppliers and also stated that it will extend up to 3 billion reais in loans with lower interest rates than those offered by banks, due to the COVID-19 crisis, so that its suppliers can have some relief in overcoming the economic crisis.

Economic Crisis Due to the Drop in Oil Prices

In this scenario of financial economic crisis, due to the drop in oil prices and high debt levels, Petrobras called its suppliers in the exploration and production area for a renegotiation of contracts, aiming to reduce its costs.

Petrobras’ More Value Program

On Wednesday, 11/4, the Firjan held a virtual meeting with members and a presentation from Petrobras about the newly cited program, More Value. The State-Owned Initiative Petrobras aims to enhance the connection with its supplier network, with proactive feedback, intending to improve the cash flow of these companies. Its main goal is to enable invoice anticipation for the direct suppliers of the company, involving the participation of financial institutions.

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According to Petrobras’ Schedule, Its Suppliers Will Start Being Called for Training on the Program Platform

According to Petrobras’ schedule, its suppliers will start being called to begin training on the platform that will house the Program, and a wide range of communication materials will be made available so that Petrobras’ goal of engaging the supplying companies, and partnering banks, is achieved broadly and effectively.

Petrobras Will Offer Loans to Its Suppliers to Help Them Face the Impact of the Economic Crisis

Petrobras Aims to Extend Deadlines and Payments Due to the Drop in Demand and Oil Prices and Open Loan Requests Aiming to Mitigate the Economic Crisis. The Sector Fears Disruption in a Supply Chain of Over 400 Thousand Workers.

Also Read

Economic Crisis Due to the Drop in Oil Prices

Petrobras’ More Value Program

According to Petrobras’ Schedule, Its Suppliers Will Start Being Called for Training on the Program Platform

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Petrobras Will Offer Loans to Its Suppliers to Help Them Face the Impact of the Economic Crisis

Petrobras Aims to Extend Deadlines and Payments Due to the Drop in Demand and Oil Prices and Open Loan Requests Aiming to Mitigate the Economic Crisis. The Sector Fears Disruption in a Supply Chain of Over 400 Thousand Workers.

Also Read

Economic Crisis Due to the Drop in Oil Prices

Petrobras’ More Value Program

According to Petrobras’ Schedule, Its Suppliers Will Start Being Called for Training on the Program Platform

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Hong Kong leads the ranking of the most expensive fuel in the world and is suffering from a global crisis.

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