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

Spike Lee to Film in Brazil

San Diego, US born Mario Lopez, one of today’s hottest up-and-coming actors in Hollywood ...

Folha-UOL Merger Bad for Brazil’s Media, Say Experts

The merger of the Folha Group and Universe On-Line Universe (UOL), forming Brazil’s second ...

Over 2% of Deaths in Brazil Are Due to Lack of Basic Sanitation

Brazil is poised to reach the millennium goals established by the United Nations with regard ...

Brazilian Jihad: Suicide Attack on Copacabana Beach

“Anything can happen on Rio’s beaches.” So say the tourist guides. This is the ...

200 Days of Censorship on Brazil’s Leading Newspaper

Brazilian daily O Estado de S. Paulo and its website Estadão are approaching the ...

Brazil Markets Follow US Lead

Brazilian stocks rose today, as the U.S. market was bolstered by corporate merger and ...

Brazil Wants WTO’s Control

Ricardo Neiva Tavares, official spokesman for the Itamaraty (Brazil’s Foreign Relations Ministry), informed today ...

Exports to Arabs Grow 345% and They Are Brazil’s 4th Largest Importers

In 2007, exports from Brazil to the Arab countries should continue to grow more ...

Kássio Adriano, suspect of killing German priest Wolfgang Johannes in Brazil

German Priest Killed in Brazil. Murderer Says Man Forced Him to Have Sex

German priest Wolfgang Johannes Hermann, 46, was knifed to death Tuesday afternoon, April 10, ...

RAPIDINHAS

There is a sad note about both works reviewed. The artists in them are ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`