You are here

Petrobras sells stake in Bolivian pipeline company for USD 106.7m

06th August 2014

Petrobras has sold its 44.5 per cent stake in Bolivian gas transportation and pipeline company, Transierra S.A., to Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) for USD 106.7m

Petrobras sells stake in Bolivian pipeline company for USD 106.7m
Transierra S.A., constituted in 2000, is a company that provides hydrocarbon pipeline transportation services from the San Alberto and San Antonio fields to the Bolivia-Brazil gas pipeline (Gasbol)

This operation is in line with the company’s strategic plan and complies with Law 466 of December 2013 which sets the regulatory framework for state-owned companies in Bolivia.

Transierra S.A., constituted in 2000, is a company that provides hydrocarbon pipeline transportation services from the San Alberto and San Antonio fields to the Bolivia-Brazil gas pipeline (Gasbol).

Petrobras operations in these fields will not be impacted by this deal.

Petrobras is committed to its operations in Bolivia and is investing in exploration and production, where its operations meet the highest standards of social and environmental responsibility.

Related topics: 

Latin America

Oil and gas industry news from Latin America

Brazil

Oil and Gas industry news from Brazil

Got a news tip? Email news@oilandgastechnology.net