Element Not Found, Potential Alliances, Joint Projects, Gas Segments, Renewable Energies, E&P, Energy Transition, Trade Agreements, Accession Protocol.
The Mercosur Summit held in Rio de Janeiro was a milestone for Petrobras, which had the opportunity to meet with the Minister of Hydrocarbons of Bolivia to discuss potential alliances and joint projects in the gas, fertilizers, renewable energies, and exploration & production (E&P) segments.
The president of Petrobras, Jean Paul Prates, emphasized the importance of the bilateral meeting, stating that ‘Bolivia can be a strategic partner’ in the gas and energy transition segments, highlighting the continuation of previous meetings with the Bolivian government to address fundamental issues for Petrobras, Brazil, and all of South America. The partnership between the two nations can be beneficial for both sides, resulting in significant advancements in the sector.
Petrobras President at the Mercosur Summit
This is the third meeting of Prates with the Bolivian government in 2023. In August, the president of Petrobras held the second meeting with the president of Bolivia, Luis Arce, to also assess potential alliances and projects during the Amazon Summit in Belém/PA.
-
90 billion barrels of oil, 1.669 trillion cubic feet of natural gas, and 84% of probable reserves in offshore areas are under the Arctic, and the melting ice that opens maritime routes and exposes this energy treasure is turning the North Pole into a strategic dispute between the USA, Russia, China, and Canada for oil, gas, navigation, and military power.
-
IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry
-
China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.
-
Petrobras announces an investment of R$ 2.8 billion in Amazonas to expand natural gas production in Urucu and modernize the river fleet, boosting energy, logistics, and the regional economy with new vessels adapted for operation in the Amazon.
The first meeting took place in May and focused on the future of gas and oil exploration in the region, with officials participating in the first meeting of leaders from South American countries, held by the federal government at the Itamaraty Palace in Brasília.
Discussions at the Mercosur Summit
Under Brazil’s Presidency since July of this year, the Mercosur Summit held in Rio de Janeiro addressed trade agreements, such as the one with Singapore, in addition to the promulgation of the Accession Protocol of Bolivia to the group.
The bloc was created in 1991 with the aim of integrating the countries of the region and establishing trade, political, and diplomatic partnerships to expand investments. The group consists of Brazil, Argentina, Paraguay, and Uruguay.
Source: Petrobras Agency

Be the first to react!