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

Polo da Petrobras

Be the first to react!

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.

ARTICLE CONTINUES BELOW

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Scientists create “living” materials that crawl, walk, and dig on their own by transforming internal tension into movement, mimicking biological tissues without having real cells.

NR-1 obliges companies to pay attention to mental health at work and highlights the impact of abusive targets, exhausting work hours, and harassment on leaves due to psychological disorders.

First electric Ferrari emerges with five seats, unconventional design, million-dollar price, and a burning question among fans: genius or betrayal of tradition?

Labubu officially arrives in Brazil in June with prices up to R$ 799.99, attempts to curb the invasion of counterfeits, and turns serrated-tooth dolls into a new craze among collectors.

Luciano Hang, owner of Havan, surprises and announces R$ 100 million to employees with the advance payment of the PPR and 13th salary for more than 23,000 employees during the 40th anniversary of the retailer, which aims to reach 200 megastores in Brazil.

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Labubu officially arrives in Brazil in June with prices up to R$ 799.99, attempts to curb the invasion of counterfeits, and turns serrated-tooth dolls into a new craze among collectors.

Luciano Hang, owner of Havan, surprises and announces R$ 100 million to employees with the advance payment of the PPR and 13th salary for more than 23,000 employees during the 40th anniversary of the retailer, which aims to reach 200 megastores in Brazil.

The largest precious metals mine under construction in the world is situated on a layer of ore 25 times thicker than common mines in South Africa, and has just connected a third shaft that will quintuple the extraction of platinum, palladium, and gold.

Scientists discover why gold remains unrusted for thousands of years and reveal atomic reorganization that reduces reaction with oxygen by up to 1 trillion times

A gigantic piece weighing 300 tons, equivalent to two Statues of Liberty, was hoisted almost 100 meters high in the interior of Mato Grosso do Sul to complete the largest recovery boiler in the world inside the R$ 23 billion megafactory of cellulose.

Scientists create “living” materials that crawl, walk, and dig on their own by transforming internal tension into movement, mimicking biological tissues without having real cells.

NR-1 obliges companies to pay attention to mental health at work and highlights the impact of abusive targets, exhausting work hours, and harassment on leaves due to psychological disorders.

First electric Ferrari emerges with five seats, unconventional design, million-dollar price, and a burning question among fans: genius or betrayal of tradition?

Labubu officially arrives in Brazil in June with prices up to R$ 799.99, attempts to curb the invasion of counterfeits, and turns serrated-tooth dolls into a new craze among collectors.

Luciano Hang, owner of Havan, surprises and announces R$ 100 million to employees with the advance payment of the PPR and 13th salary for more than 23,000 employees during the 40th anniversary of the retailer, which aims to reach 200 megastores in Brazil.