Brazil’s state-run oil giant Petrobras inked a US$2-billion leasing deal with a unit of the Industrial and Commercial Bank of China (ICBC), the Rio de Janeiro-based firm said in a statement on Tuesday.

Petrobras will raise US$2 billion through leasing two oil platforms for 10 years to ICBC Leasing, according to the statement, quoted by news agency Reuters.

“The funds will be available for disbursement after internal approval by both institutions,” the company said. “This transaction is part of Petrobras’ strategy to diversify its financing sources and represents an anticipation of the financing activities planned for 2016,” the firm added.

Brazilian media reported last week the oil giant shaved US$3 billion and US$8 billion respectively from its investment plans for 2015 and 2016. The proposed investment plans now stand at US$25 billion and US$19 billion respectively.

This is not the first leasing deal inked by both parties. ICBC announced in May it had entered a US$3-billion leasing pact with Petrobras.