In May 2011, Chairman Chen Yuan was from the China Development Bank (CDB) thinks back to CDB to finance a major project between Petroleo Brasileiro SA (Petrobras), Brazil’s state-owned oil and gas producer and China Petroleum & Chemical Corporation (Sinopec), a China’s largest oil company. Signed two years ago, the deal was an oil-for-loan agreement in which Petrobras committed to a 10-year oil supply Sinopec in exchange for a $ 10 billion loan from CDB. The case study describes … Read more »

In May 2011, Chairman Chen Yuan was from the China Development Bank (CDB) thinks back to CDB to finance a major project between Petroleo Brasileiro SA (Petrobras), Brazil’s state-owned oil and gas producer and China Petroleum & Chemical Corporation (Sinopec), a China’s largest oil company. Signed two years ago, the deal was an oil-for-loan agreement in which Petrobras committed to a 10-year oil supply Sinopec in exchange for a $ 10 billion loan from CDB. The case study describes the business and its importance for both countries. The case also discusses CDB evolution of a policy bank to more of a commercial enterprise.
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from
Li Jin,
Matthew Preble,
Aldo Sesia
Source: Harvard Business School
16 pages.
Release Date: 1 September 2011. Prod #: 212001-PDF-ENG
China Development Bank HBR case solution

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