Jean Paul Prates Discusses New Opportunities with the President of Bolivia

Source: www.gulfoilandgas.com 5/30/2023, Location: South America

The CEO of Petrobras, Jean Paul Prates, discussed with the president of Bolivia, Luis Arce, the future of gas and oil exploitation in South America. The authorities participated in the meeting of leaders of South American countries, held by the Federal Government, at Palácio do Itamaraty, in Brasília.

Jean Paul stated that the company intends to study new businesses in the area of exploitation and gas. Prates also stressed that companies that have the state as a majority shareholder, such as Petrobras and YPFB, are extremely necessary for the energy transition in the world.

"We are preparing Petrobras for a new phase in refining. We want to revisit neighboring countries, such as Bolivia, Venezuela and Guyana, and discuss some points such as contractual terms, new potential for gas exploitation and the preparation of companies for the energy transition”, said Prates.

Prates also pointed out that this week Petrobras, in partnership with Refinaria Riograndense, will carry out industrial tests for the generation of petrochemical products and fuels from 100% renewable sources. This technology represents a new opportunity for biorefining in the country.

For the President of Bolivia, Luis Arce, the meeting meant a new treatment that Petrobras and the Brazilian government are giving to the country. The leader highlighted that Bolivia is willing to sit down and seek joint solutions for both countries.

Jean Paul Prates and the president of Bolivia, Luiz Arce, will have a new meeting in the second half of the year, in Bolivia, with a date to be set, to deal with trade agreements between the countries. The meeting was also attended by the Executive Director of Exploitation and Production at Petrobras, Joelson Falcão, and the Executive Manager of Institutional Relations, João Paulo Madruga.


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