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Brazil’s Petrobras, Braskem sign five-year naphtha supply deal

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/12/2015 (11:12)
According to media reports, Brazil’s state-run oil company Petrobras and Braskem have signed a new naphtha supply agreement. Under the new agreement, Petrobras will supply 7 million tons/year of naphtha to Braskem for five years effective as of December 23.

Petrobras reportedly said that although the new agreement will be valid for five years, both parties will have a right to renegotiate the terms of the agreement as of the third year, depending on market conditions.
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