China is the biggest market for Petroleo Brasileiro SA, as the company is officially known, and Chambriard said that even though oil is excluded from tariffs, the small amount of exports to the US mean it isn’t very exposed to Washington’s trade policies. India is also seen as a key market, and is open to buying “everything Petrobras can export,” the CEO said.
Petrobras is in a favourable position to withstand the US trade war thanks to robust sales to other countries including India, Chief Executive Officer Magda Chambriard said.
“There is a lot of demand in Asia for our products,” Chambriard said at a Bloomberg New Voices forum in Sao Paulo.
