Brazilian oil company Petrobras began a negotiation about future cooperation with Chinese CNPC Corporation. Companies are willing to rate the possibilities of working together as well as in Brazil or its country limits. There is an assumption that corporations want to cooperate to finish the Petrochemical project in Rio de Janeiro, which was suspended because of the corruption scandal in 2014. The new cooperation of two companies will have a positive influence on Petrobras stocks.
For the past two weeks, Petrobras stocks increased by 3,8% and will continue its growth. Trading will be available during American session, from 14:40 to 21:00 GMT.
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