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Global Trade Alert

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Brazil: FINEP allocates USD 24 million to oil and gas company

Description

On 19 November 2018, the Brazilian Company of Innovation and Research (FINEP) announced the approval of over BRL 90.5 million (over USD 24 million) loan allocated to Petro Rio O&G Exploracao e Pro...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Nov 2018

Revocation date

19 Nov 2020

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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