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Stock impact report

Petrobras (PBR) Eyes Expansion of Bolivia's Gas Investments [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
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 Production Bolivia has considerable natural gas reserves. However, the production has nearly halved from its peak a decade ago. The decline in gas production has been a major contributor to the country's recent economic challenges. In the mid-2010s, state-run Petrobras was responsible for approximately half of Bolivia's gas production, which peaked at around 60 million cubic meters per day (cmd). Today, Bolivia's gas production is approximately 35 million cmd. Historical Context Bolivia's peak production period was marked by substantial contributions from PBR. The decline in gas production represents a significant drop, which highlights the need for renewed investment and infrastructure development. Petrobras' Investment Plans Cha Show less Read more
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