China-and-Brazil update

Early snaps:

BEIJING (Dow Jones)–China Development Bank Corp. signed a $10 billion credit
pact with Petroleo Brasileiro SA (PBR), as well as an agreement to extend an
$800 million credit line to Brazil’s state development bank, the Brazilian and
Chinese governments said Tuesday.

Wires reports are also suggesting Brazil will supply 150,000 barrels per day to China, rising to 200,000 barrels in 2010.

Related links:

China and Brazil cement ties (FT, 19/05/09)
China takes the long view on oil (FT Energy Source, 14/04/09)
China gets busy (FT Energy Source, 20/02/09)

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