{"id":39020,"date":"2009-05-18T22:42:01","date_gmt":"2009-05-19T05:42:01","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=39020"},"modified":"2009-05-18T22:42:01","modified_gmt":"2009-05-19T05:42:01","slug":"brazil-turns-to-china-to-help-finance-oil-projects","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/05\/brazil-turns-to-china-to-help-finance-oil-projects\/","title":{"rendered":"Brazil Turns to China to Help Finance Oil Projects"},"content":{"rendered":"<p><a href=\"http:\/\/online.wsj.com\/article\/SB124259318084927919.html\"><strong>The Wall Street Journal reports <\/strong><\/a>on <a href=\"http:\/\/www.google.com\/hostednews\/afp\/article\/ALeqM5ig6rcjKdYoguJPibNuO3kXqccnBg\">Brazilian President Luiz Inacio Lula da Silva&#8217;s visit to Beijing<\/a> and prospects for China-Brazilian relations:<\/p>\n<blockquote><p>\nBrazilian President Luiz In\u00e1cio Lula da Silva was set to arrive in Beijing Monday to meet with Chinese President Hu Jintao, who is expected to unleash billions of dollars of credit to help Brazil exploit its massive oil reserves. Brazil will return the favor by guaranteeing oil shipments to Chinese companies.<\/p>\n<p>The nations are being thrust together by the global financial crisis. Brazil&#8217;s state-controlled oil giant, Petroleo Brasileiro SA, wants to spend $174 billion over the next five years to elevate Brazil into the major leagues of oil-producing nations. With international capital markets on life support, China is among the few remaining sources of cash.<\/p>\n<p>Petrobras, as the company is known, is turning to China at a time when China&#8217;s appetite for raw materials has lifted economies across commodity-rich Latin America, blunting the impact of the global downturn. In March, China passed the U.S. as Brazil&#8217;s biggest trade partner.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Wall Street Journal reports on Brazilian President Luiz Inacio Lula da Silva&#8217;s visit to Beijing and prospects for China-Brazilian relations: Brazilian President Luiz In\u00e1cio Lula da Silva was set to arrive in Beijing Monday to meet with Chinese President Hu Jintao, who is expected to unleash billions of dollars of credit to help Brazil [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2],"tags":[5880,1037],"class_list":["post-39020","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","tag-brazil","tag-natural-resources","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazil Turns to China to Help Finance Oil Projects<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/05\/brazil-turns-to-china-to-help-finance-oil-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil Turns to China to Help Finance Oil Projects\" \/>\n<meta property=\"og:description\" content=\"The Wall Street Journal reports on Brazilian President Luiz Inacio Lula da Silva&#8217;s visit to Beijing and prospects for China-Brazilian relations: Brazilian President Luiz In\u00e1cio Lula da Silva was set to arrive in Beijing Monday to meet with Chinese President Hu Jintao, who is expected to unleash billions of dollars of credit to help Brazil [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2009\/05\/brazil-turns-to-china-to-help-finance-oil-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2009-05-19T05:42:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sophie Beach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sophie Beach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2009\/05\/brazil-turns-to-china-to-help-finance-oil-projects\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2009\/05\/brazil-turns-to-china-to-help-finance-oil-projects\/\"},\"author\":{\"name\":\"Sophie Beach\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663\"},\"headline\":\"Brazil Turns to China to Help Finance Oil Projects\",\"datePublished\":\"2009-05-19T05:42:01+00:00\",\"dateModified\":\"2009-05-19T05:42:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2009\/05\/brazil-turns-to-china-to-help-finance-oil-projects\/\"},\"wordCount\":180,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"Brazil\",\"natural resources\"],\"articleSection\":[\"China &amp; 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