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Petrobras uses proceeds from field sale for early loan repayment

SAO PAULO Nov 28 Brazil's state-controlled Petróleo Brasileiro SA has used half the proceeds from the sale of a Brazilian offshore oil field to repay a loan taken from state development bank BNDES, the latest step toward reducing the largest debt burden of any global oil firm.

In a securities filing on Monday, Petrobras said the loan, which it took to help finance the Transportadora Associada de Gás SA subsidiary, was partially repaid. (Reporting by Guillermo Parra-Bernal; Editing by Jonathan Oatis)

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