Petrobras Gets Liquidity Injection

Brazilian state-run energy giant Petrobras has received a BRL2bn loan to ease cash-flow troubles, local newspapers reported last week. According to O Estado de Sao Paulo, Petrobras got a BRL2.0bn loan from state-run Caixa Economica to cover short-term cash flow problems, local press reports said. Funds were apparently needed because tax payments at the end of October caused a temporary cash crisis, local press says.