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.

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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

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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China activates a 35.6-tesla super magnet in Beijing, surpassing Earth’s magnetic field by 700,000 times and opening a new phase in the race for semiconductors, clean energy, and extreme science.

Between four giant rocks and without electricity, a stone house built in 1974 in the Serras de Fafe in Portugal impresses by using natural granite as the structure of the dwelling.

Stone tower in Scotland is over 2,000 years old, about 13 meters high, was built without mortar on a remote island, and still intrigues archaeologists about its true function.