Brazil’s Petrobras to Assume Bigger Role in Bolivia’s Oil

The situation has never been clearer as far as relations between Petrobras – Brazilian Petroleum S.A. – and the Bolivian government are concerned.

This was the way that Petrobras’ director of Gas and Energy, Ildo Sauer, sought to downplay the declarations made by the president of Bolivia, Evo Morales, that he intends for the State to take over the reserves and assets presently in the hands of the international enterprises that operate in the country.

According to Sauer, the proof of this favorable juncture is that Petrobras and the Yacimientos Petrolí­feros Fiscales Bolivianos (YFPB), the Bolivian state enterprise, are about to sign a memorandum of understanding containing various lines of action, including seven areas of cooperation and association between the two companies.

These understandings add up to association in the refineries and the exploration and production of petroleum and cooperation in the area of biofuels, development of the natural gas market, conversion of gasoline and diesel-combustion vehicles to gas, and even in the spread of the use of natural gas in Bolivian residences.

These seven areas also hold out the possibility of technology transfer and the qualification of human resources at the Petrobras Training Center.

The aim is to train the managers and technical personnel needed to manage the Bolivian gas system and develop studies with respect to a future industrial complex, possibly composed of a fertilizer factory, a thermoelectric plant, and a natural gas-chemical complex, to be located on the border between the two countries.

Agência Brasil

Tags:

You May Also Like

First Vote on Brazil’s Mensalão Is Guilty for Corruption and Money Laundering

The first of many “votes” in the biggest corruption trial ever dealt with by ...

Steel Production Grows 7% in Brazil, But Exports Fall 10%

Raw steel production in Brazil grew 6.9% in the first half this year over ...

Brazil’s Ethics Council Draws Lots to Start Processes Against Congressmen

The Council of Ethics and Parliamentary Decorum of the Chamber of Deputies concluded the ...

This Brazilian Is a Jewel Designer to Sheikhs and Top Models

In love with Arab culture, the source for inspiration of her creations, Brazilian jewelry ...

A Brazilian School of Revolution and Ideas

{mosimage}Much more than a school, it was a way of life: of militancy, of ...

Brazil Sends Its Defense Minister, US$ 15 Million and Food to Haiti

The Brazilian Foreign minister, Celso Amorim, confirmed today that Brazil will send US$ 15 ...

Algeria Sees Arab Summit in Brazil as Good for Trade

The meeting of heads of State during the South America-Arab Countries Summit will pave ...

Brazil Wants More than an Apology from London for Killing of Brazilian

Federal deputy Maria José Maninha from the Workers Party has called for action by ...

Brazil’s Varig: Something Fishy in the Air

Brazilian Varig Airlines, which is in the process of merging with rival TAM, just ...

After Hospital Visit Brazil’s Ronaldo Is Back in Training

Brazilian football player Ronaldo went through a series of medical tests and doctors found ...