Petrobras (PBR) Eyes Expansion of Bolivia's Gas Investments
PBRPetrobras(PBR) ZACKS·2024-07-11 18:46

Petrobras (PBR) , the largest integrated energy company in Brazil, is eyeing an expansion of its investments in Bolivia's natural gas sector. According to Magda Chambriard, CEO of Petrobras, this ambitious plan hinges on Bolivia’s ability to increase its gas exports to Brazil at competitive prices to meet the growing domestic demand from industry.Current State of Bolivia’s Natural Gas ProductionBolivia has considerable natural gas reserves. However, the production has nearly halved from its peak a decade ag ...