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JBS Advances In The Energy Sector With New Acquisitions Of The Oil Company Pluspetrol Bolivia Through Fluxus, The Siblings’ Oil And Gas Company!
Wesley and Joesley Batista, controllers of the giant JBS, are expanding their presence in the energy sector with the purchase of Pluspetrol Bolivia. The acquisition, carried out through Fluxus, the siblings’ oil and gas company, includes three natural gas fields in the Tarija-Chaco basin in Bolivia. This strategy marks a new phase of expansion for the Batista family, which already has significant investments in energy through Âmbar, according to suno.
The Expansion In Bolivia: Details Of The Acquisition
The purchase of Pluspetrol Bolivia includes the Tacobo, Tajibo, and Yacuiba fields, which currently produce about 100,000 cubic meters of natural gas per day. With the potential to increase this production to over 1 million cubic meters daily, the acquisition represents a significant opportunity for Fluxus. Therefore, in addition to gas reserves, the assets include two gas treatment plants and the capacity to transport production to the Bolivian, Brazilian, and Argentine markets. According to a statement from Fluxus, the transaction strengthens the company’s presence in Latin America.
Fluxus And J&F: Growing Presence In The Energy Sector
The J&F Group, which controls JBS, acquired Fluxus in December of last year. Since then, the founders of Fluxus, Ricardo Savini, Jorge Lorenzón, and Vitor Abreu, have remained in executive positions, contributing to the company’s expansion. The acquisition of Pluspetrol Bolivia is a strategic step for Fluxus, which seeks to establish a solid presence in the Latin American oil and gas market. The company is finalizing preparations to operate the Centenario field in Neuquén, Argentina, where a production of 1.3 million cubic meters of natural gas and 1,365 barrels of oil daily is expected.
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Meeting With Lula And Expansion Of JBS
Recently, Joesley and Wesley Batista met with President Luiz Inácio Lula da Silva at the Palácio do Planalto. This meeting, the first since 2017 after the brothers’ plea bargain agreement in Operation Lava Jato, took place during a meeting with meat industry associations to discuss donations for families affected by climate disasters in Rio Grande do Sul. The resumption of contact with the federal government may indicate new partnerships and expansion opportunities for JBS and other companies in the J&F Group.
JBS And The Stock Market
JBS stocks (JBSS3) stood out in the Ibovespa in May, with a rise of 23.04%. This positive performance reflects investor confidence in the company, driven by solid financial results and the deleveraging strategy. JBS’s growth in the energy sector, through Âmbar and now Fluxus, demonstrates the diversification of the Batista brothers’ businesses and their ability to adapt to new markets.
The Oil Company Pluspetrol Bolivia
Therefore, the acquisition of Pluspetrol Bolivia by Fluxus is yet another strategic move by the Batista brothers to expand their businesses in the energy sector of Latin America. However, with robust investments and a clear vision for growth, JBS and its associated companies continue to stand out in the global market. Stay tuned for new opportunities and developments as Fluxus strengthens its position as one of the leading oil and gas companies in the region.
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