OREANDA-NEWS. OJSC “Gazprom” and Bolivian state-owned petrol company YFPB have signed the Memorandum of Understanding.

The MoU stipulates promoting cooperation in the Bolivian hydrocarbon exploration and development sector and studying the possibilities of jointly getting involved in infrastructure projects including LNG developments and upgrading the qualification of and training oil and gas sector professionals.

The Bolivian side also showed interest in Gazprom’s proposal to develop a General Scheme for the gas sector development that would enable to plan further measures aimed at increasing production and transmission capacities in the midterm perspective.