Petrobras plans to renew its investments in Bolivia, Venezuela and Guyana. The pinnacle of the state-owned firm, Jean-Paul Pratis, mentioned on Tuesday (5/30) in a gathering with Bolivian President, Luis Arce, that the corporate ought to search for new enterprise alternatives in gasoline exploration and vitality transition.

“We’re making ready Petrobras for a brand new stage in refining. We wish to revisit neighboring nations, comparable to Bolivia, Venezuela and Guyana, and focus on some factors comparable to contractual phrases, new gasoline exploration potentialities, and making ready corporations for the vitality transition,” he mentioned in a be aware.

Prats said that corporations by which the state is almost all shareholder, comparable to Petrobras and the Bolivian YPFB, are important to the world’s vitality transition.

Petrobras additionally reported that it plans to conduct industrial testing in partnership with Refinaria Riograndense, with the intention of manufacturing petrochemical merchandise and renewable fuels. Based on the corporate, the initiative paves the best way for the event of biorefining applied sciences in Brazil.

Additionally current on the assembly at Itamaraty Palace, in Brasilia, have been different Petrobras executives, comparable to Government Director of Exploration and Manufacturing, Joelson Falco, and Government Director of Company Relations, Jo Paulo Madruga.

Based on the Petrobras assertion, Luis Arce emphasised that Bolivia is able to sit down and search frequent options for each nations. Prates and the Bolivian president will meet once more within the second half of this yr, in Bolivia, to debate commerce agreements between the 2 nations.