Bloomberg.com is reporting tonight that Petroleo Brasileiro SA, Brazil's state-controlled oil company, plans to invest in Bolivia to maintain current shipments of natural gas at 30 million cubic meters a day.
Output would fall if Petrobras, as the company is known, doesn't invest to maintain fields and explore for new ones, Petrobras President Jose Sergio Gabrielli said today at a news conference in Brasilia. Petrobras canceled some plans to invest in Bolivia after the country forced it to sell refineries.
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