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:

  • Show Comments (0)

Your email address will not be published.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

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Brazil Wrestles from Drug Lords Latin America’s Largest Favela in Rio

Close to 3,000 men backed by helicopters and armored vehicles from the federal, military ...

In US and Europe Brazil Is Overwhelming Favorite to Win the World Cup

The results of an online survey conducted among a multi-country sample to gauge which ...

Brazil: In the Face of Mired-in-Corruption Congress, President Lula Looks the Other Way

The article entitled “Brazil’s Scandal-plagued Senate: House of Horrors” published July 9 by British ...

Brazil's Amazon Secrets

Brazil’s Cosmetic Industry to Get US$ 4.4 Million in Italian Deals

Close to 20 companies from Brazil exhibiting at Cosmoprof Bologna, in Italy, between Mach ...

Germans Consider Stepping Up Purchase of Brazil’s High-Tech Goods

German minister of Economy, Michael Gloss, suggested that Brazil might increase its sales of ...

Brazilian Embraer Sells 30 New Jets to US Market

Embraer announced that it has reached an agreement for the sale of 30 firm ...

Chí¡vez Calls Lula Oil Magnate and Invites Brazil to Subsidize Oil to the Poor

Venezuela President, Hugo Chávez, called this Friday, November 9, the Brazilian president, Luiz Inácio ...

Brazilian Congress building in capital Brasília

Government Has Stopped in Brazil. All Left Are Cops & Robbers Games

Barely six months have passed since Brazil’s President Luiz Inácio Lula da Silva began ...

Brazil: Here Lies José Dirceu, Consumed by Ambition and Arrogance

 "This house is judging me, but it is also judging itself." The year-long political ...

Brazil’s Vivo Teams Up With ReCellular to Save Cell Phones from Trash

US-based ReCellular, an international collector, reseller and recycler of used wireless cell phones and ...