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Petrobras’ Executive Board has approved today a new long term naphtha supply agreement with Braskem, for the amount of 7 million tons/year.

The contract has a five-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.

Tag(s) : #Oil and Gas News
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