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Gazprom and YPFB ink geological exploration in Bolivia

 

MOSCOW
Petroleumworld.com, Mar 24, 2008

It is reported that Mr Stanislav Tsygankov head of the Gazprom International Business Department lead a Gazprom delegation for a working visit to Bolivia on March 17th to 18th 2008.

Within the visit the delegation held negotiations with Mr Santos Ramirez president of the Bolivian state owned petroleum company YPFB. The parties discussed the prospects for bilateral cooperation in the oil and gas area as well as issues concerning further joint activities.

In the presence of Mr Evo Morales president of Bolivia Gazprom and YPFB signed an agreement on geological exploration in Bolivia. Pursuant to the Agreement, exploration will be carried out at blocks Sunchal, Acero and Carohuaicho.

Mr Evo Morales in his welcome speech highly appreciated the potential of cooperation between Gazprom and YPFB and expressed confidence that it would be successfully extended in the future

Story from SteelGuru
SteelGuru 20 03 08

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