This excerpt taken from the PBR 6-K filed May 31, 2005.
Memorandum of Understanding for a Strategic Partnership with JBIC (Japan Bank for International Cooperation)
A memorandum of understanding was signed with the Japan Bank for International Cooperation (JBIC) for a strategic partnership, consolidating the already existing relationship, and for identifying and establishing areas of cooperation and strengthening the mechanisms for monitoring the relations between the two companies.
The document underlines the important contribution of JBIC financing for Petrobras projects in the areas of Exploration and Production, Refining and Natural Gas. It also recognizes Petrobras significant contribution in consolidating the bilateral relationship between Japan and Brazil through the creation of various business opportunities for Japanese entities.