Project ID: 61762

CPTDC provides USD 25,000 loan to Petrotech Servicos Petroliferos Ltda.

Commitment amount

$ 27246.243696966918

Adjusted commitment amount

$ 27246.24

Constant 2021 USD

Summary

Funding agency [Type]

China Petroleum Technology & Development Corporation (CPTDC) [State-owned Company]

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-06-01

Description

In June 2018, China Petroleum Technology and Development Corporation (CPTDC), a state-owned enterprise, provided a USD 25,000 loan to Petrotech Servicios Petroliferos Ltda., a Brazil-based wholesale supplier of industrial products and machinery. The loan's borrowing terms and purpose are unclear. The Central Bank of Brazil lists the loan registration (ID TA833541) as complete.

Additional details

According to the cnpg.info source, CPTDC is one of Petrotech's partners. However, AidData did not find enough evidence to claim whether Petrotech Servicos Petroliferos Ltda. is one of CPTDC's subsidiaries.

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Petrotech Servicios Petroliferos Ltda. [Private Sector]

Loan Details

Bilateral loan