Petrobras in negotiations
to expand with Bolivia's new government
Petroleumworld
CARACAS
Petroleumworld.com 02 14 06
Joao Figueira an executive with Petrobras, told reporters
on the sidelines of an oil industry event in London, that talks
on expanding in Bolivia are been held with Bolivia's new government
sand expecting conclusions by the end of March.
Negotiations
are making progress, Figueira said: "We're about to conclude
these negotiations hopefully by the end of March," he added.
According
to the Bolivian newspaper La Razon Petrobras expects to negotiate
with Bolivia's oil company YPFB an investment program in the order
of $5 billion with Bolivia's oil company YPFB, Petrobras' International
Director, Nestor Cervero, was quoted as saying.
Petrobras was working out an investment program of more than $5
billion with Bolivia's state-energy company, Yacimientos Petroliferos
Fiscales Bolivianos, or YPFB.
"If
all projects go through, the investment sum by Petrobras and partner
companies would be about that sum," of $5 billion, a Petrobras
press official said earlier Monday, Dow Jones reported Monday.
Petroleumworld
02/13/06
Copyright
© 2006 Petroleumworld All rights reserved
