Brazil’s state-run oil company, Petrobras, is in discussions with various national oil companies from China, India and the Middle East to collaborate on oil and gas, and other energy projects, reported Reuters.
Petrobras CEO Jean Paul Prates said the company is working with companies such as Kuwait Petroleum and Qatar Energy.
Prates was quoted by the news agency as saying: “We have two groups of Asian countries that we’re interacting very much right now and we’re building relationships right now – Gulf countries, India and China.
“We’re going to meet with Kuwait Petroleum.”
Prates said the company plans to discuss refurbishing and upgrading refineries in Brazil, and projects in petrochemicals, fertilisers and the energy transition.
He also noted potential collaborations with Qatar on liquefied natural gas (LNG) projects, which could be located in West Africa or Brazil.
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“Each one going into their own expertise, bringing them down to Brazil or Latin America.
“The Atlantic is our preferred operational environment. That means West Africa, Brazil, Guyana and Equatorial Margin. That’s the areas we’re going to focus on,” Prates noted.
Prates disclosed that Petrobras has established task forces with Indian companies including the explorer Oil and Natural Gas Corp and the refiner Bharat Petroleum.
These task forces are exploring project opportunities in Brazil and abroad, focusing on refining and renewable energy sectors.
Furthermore, the Brazilian company is considering exploring opportunities with Venezuela.
Prates added: “We’re looking at the Venezuelan conditions anytime in the future, because they’ve been more open to conversations with all companies. We look at the situation of the sanctions, that were relieved.
“We’re looking at the debt that Venezuela has with Brazil. We’re trying to put together all that into one pot and see what happens.”
Last month, Reuters reported that Petrobras plans to complete the expansion of Train One at its Abreu e Lima Refinery in Brazil by early 2025.
The move comes nearly ten years after the expansion project was halted amidst a corruption scandal.