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Bolivia Intends to Acquire Petrobras Stake in Gas Pipeline to Brazil

Gasoil News - Published on Fri, 12 Jul 2019

Image Source: Petrobras
Reuters reported that Bolivia's state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there. YPFB intends to bid on an unidentified portion of the 51% stake that Brazil's state-owned energy company Petroleo Brasileiro SA owns in the Transportadora Brasileira Gasoduto Bolivia-Brasil, which pipes Bolivian natural gas from the Bolivian-Brazilian border to Sao Paulo.

YPFB said that raising its current 12% stake in the pipeline would allow it to negotiate directly with natural gas distribution companies and private industry.

Petroleo Brasileiro, known as Petrobras, said that it would sell its stake in TBG as part of a deal with anti-trust regulator CADE to sell off a series of assets.

Source :

Posted By : Sanju Moirangthem on Fri, 12 Jul 2019
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