APLA '07: Petrobras seeks S America expansion

19 November 2007 17:17  [Source: ICIS news]

BUENOS AIRES (ICIS news)--Brazilian state-run energy major Petrobras is looking for expansion opportunities in South America, a company executive said on Monday.

“Petrobras is evaluating opportunities in South America,” said Paulo Turazzi de Carvalho, petrochemical project manager for Petrobras, in Portuguese on the sidelines of the Latin American Petrochemical Association (APLA) meeting.

Turazzi spoke to ICIS news after making a presentation on the company to APLA delegates.

He did not name specific projects but did acknowledge that Petrobras is interested in the burgeoning petrochemical industry taking shape in Peru.

Venezuela is also expanding fast, and Colombia has plans to build a petrochemical industry in the future.

As for Bolivia, Turazzi said that it could take time to develop the conditions for petrochemical investments.

“I cannot say we are not interested, but not for now,” he said.

By: John Waggoner
+1 713 525 2653

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