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Thursday, February 26, 2009

Gazprom and YPFB ink supplement to MoU

 02–25–2009 – Steel Guru News – Finchannel reported that at the Gazprom Headquarters Mr Alexey Miller Chairman of the Company’s Management Committee and Mr Oscar Coca Antezana, Minister of Hydrocarbons and Energy of Bolivia signed a Supplement to the Memorandum of Understanding between Gazprom and the Bolivian state owned company Yacimientos Petroliferos Fiscales Bolivianos as of February 21st 2007. According to the report, the parties also noted with satisfaction that the Memorandum on shaping the General Scheme for the Bolivian gas industry development until 2030 was signed on February 5th 2009 by Gazprom, YPFB and VNIIGAZ. It was agreed to sign the relevant contract in the near future. Mr Alexey Miller said “Gazprom and Bolivia have confirmed once again their mutual aspiration to develop strategic cooperation in the oil and gas sector. I am sure that the partnership will be mutually beneficial: being in a vein of the Gazprom strategy targeted at expanding its presence on new foreign markets, it will facilitate an accelerated social and economic development of Bolivia.”

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