Exclusive: Brazil's Petrobras near deal with China's CNPC to swap refinery investment for oil

RIO DE JANEIRO (Reuters) - Brazil's state-run oil company is nearing a deal in which China National Petroleum Corp Ltd (CNPC) would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially giving China its first refining capacity in the Americas.

from Reuters: Business News https://ift.tt/2J5ZbRg