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Petrobras’ Executive Board approves new long term naphtha supply agreement with Braskem

28-Dec-15

Petrobras’ Executive Board has approved today a new long term naphtha supply agreement with Braskem, for the amount of 7 mln tpa. The contract has a 5 year term and a rate of 102.1% of the price of naphtha in the northwest of Europe (ARA). The agreement also allows for, from 2018 on, the possibility of renegotiation of the commercial terms depending on pre-determined market conditions.

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