Brazil’s Petrobras has been seeing strong demand from India and China for its products, CEO Magda Chambriard said on Tuesday, noting the two countries could have shielded the state-run oil company from the impacts of potential U.S. tariffs.

The South American country could have “easily redirected exports” if U.S. President Donald Trump had imposed levies on imports of Brazilian oil, Chambriard said at an event hosted by Bloomberg in Sao Paulo.

“India presents itself to Brazil and Petrobras as a buyer of any product we want to export,” she said.
Source: Reuters