• Categories
  • Archives

Brazil’s Petrobras Wants to Restart Talks from Beginning with Bolivia

When the new President of Bolivia, Evo Morales, takes office on January 22, Petrobras will return to the starting line to resume negotiations that began two years ago and were interrupted by the successive political and institutional crises that rattled the country.

This information comes from the director of Petrobras’ International Area, Nestor Cerveró. "There wasn’t any chance to develop the project, so the proposal will be presented again, starting from scratch. In other words, negotiations will get underway all over again," he explained.

He said that the negotiations undertaken two years ago provided for participation by the Bolivian State enterprise, YPFB, in Petrobras subsidiaries acquired in the decade of the ’90’s, such as the Cochabamba and Santa Cruz de la Sierra refineries, and in the natural gas-chemical complex that Petrobras plans to build in Bolivia.

The Petrobras presidential advisory office confirmed that the president of the company, José Sérgio Gabrielli, is, in fact, interested in meeting with the new Bolivian head of State, after the inauguration, to discuss a variety of matters related to the petroleum and gas sector.

The advisory office also informed that the meeting might even take place prior to Morales’ inauguration, during a visit to Brazil scheduled for January 13, when Morales will be received by president Luiz Inácio Lula da Silva. Morales’ visit was confirmed by the Planalto Palace.

Foremost among the topics to be discussed is the new Hydrocarbons Law, which raised the taxes on foreign firms operating in Bolivia in this sector from 18% to 50%. Petrobras invested approximately US$ 41 million in Bolivia last year, as of November. In 2003, it invested US$ 49 million there, and, in 2004, US$ 19 million.

Petrobras got started in Bolivia at the end of 1995, when it created its Petrobras Bolivia subsidiary, which began operations in mid-1996.

According to the company’s press office, Petrobras became the country’s largest enterprise in less than ten years. Over the period 1996-2004, it invested a total of around US$ 1 billion in projects in which it participates in Bolivia.

Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    Morales is also in China for 2 days !
    Guess why !

    -;-)))

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

In Brazil, Apartheid Is a Growing Cancer

During the apartheid regime in South Africa, black people were segregated.  There were separate ...

Norway’s Telenor Gets Green Light in Brazil to Sell Directly to Clients

Norway-based Telenor Satellite Services announced that it received approval from the Brazilian government to ...

Iran’s Defiance Cools Down Brazilian Bulls

Latin American markets were mostly higher, with Brazilian stocks edging up, as continued optimism ...

Showing Brazil to Travel Agents Around the World

The 32nd Brazilian Congress of Travel Agents will present the main national tourist destinations ...

Silicon Valley South

Belo Horizonte entrepreneurs are part of a movement to wean Brazil’s computers from dependence ...

Asylum to Ecuador’s Leader Is Not Political Act, Says Brazil

Brazil’s ambassador in Ecuador, Sérgio Florêncio, said Monday, April 25, that the concession of ...

Brazil’s Scientists Contribute a Mere 1.7% to World’s Academic Production

Brazilian President Luiz Inácio Lula da Silva defended the importance of investments in education ...

Brazilian Small Farmer Learns Technology Is His Friend

Technology is no longer a privilege of large rural properties in Brazil. More and ...

Brazilian Blind Children Will Finally Have School Manuals in Braille

For the first time in Brazil, all visually deficient students who attend public schools ...

EU Needs to Use Its Trading Muscle in Favor of Third World

In a speech at the London School of Economics on February 4, 2005, the ...