Petrobras to import $ 100 mm worth of Bolivian natural gas this year

Aug 01, 2000 02:00 AM

Brazil's Petrobras expects to import a total of $ 100 mm worth of Bolivian natural gas this year. This amount far exceeds total imports last year, which were valued at barely $ 40 mm, according to Deccio Oddone, president of Petrobras in Bolivia.
If the price established by contractual agreement between Bolivia and Brazil is maintained, the value of Bolivian gas exports to Brazil should reach $ 500 mm by 2004, said Oddone. But if current international prices remain high over the next few years, the total value could reach $ 800 mm, he added.

Source: Bridge News via Newspage
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