Petroleo Brasileiro SA to ink naphtha supply contract with Braskem SA by Dec. 15

14-Dec-15

Brazil's energy minister Eduardo Braga said on Friday that he expects Brazil's state-run oil company Petroleo Brasileiro SA to sign a naphtha supply contract with Brazilian petrochemical company Braskem SA by Dec. 15, as per Reuters Earlier on Friday, Braskem Chief Executive Officer Carlos Fadigas said months of talks with Petrobras, as the state-run oil company is known, are nearly complete and will result in Braskem paying a price "slightly above" the European reference price for naphtha, a petrochemical feedstock.