Petrobras will meet with the Bolivian government to assess its return to the country.

The Bolivian government will begin, next week, a round of technical negotiations with Petrobras to assess the return of the Brazilian company to oil and gas exploration and production activities in the country, said the Minister of Hydrocarbons and Energy, Marcelo Blanco, this Thursday (9).

According to the minister, representatives from both countries decided to form technical working groups after a meeting held the day before (8).

The objective is to discuss a possible strategic partnership that would allow Petrobras to expand its presence in the Bolivian energy sector and contribute to the restructuring of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).

The Bolivian minister avoided disclosing investment amounts or setting deadlines for the conclusion of negotiations.

Meanwhile, YPFB reported that it expects to receive next week the consolidated report on Bolivian oil and gas reserves for the end of 2025.

The document will serve as a basis for defining policies aimed at expanding production and is eagerly awaited by the market, given the lack of updated data on the country's energy potential.

This text was translated by machine from Brazilian Portuguese.