Oct 13 Brazil’s state-run oil firm Petroleo Brasileiro SA will raise $2 billion through a 10-year leasing contract with China’s Industrial and Commercial Bank of China Leasing, the Brazilian company said in a statement on Tuesday.

Petrobras, as the company is commonly known, will lease the platforms P-52 and P-57 for 10 years as part of efforts to raise cash and reduce the world’s biggest debt load among oil firms. (Reporting by Silvio Cascione; Editing by Chizu Nomiyama)