OREANDA-NEWS. February 6, 2009. Led by Stanislav Tsygankov, Head of the International Business Department, a Gazprom delegation paid a working visit to the Republic of Bolivia.

Within the visit a meeting with Carlos Villegas, President of the state-owned petroleum company YPFB took place. The parties discussed the progress with the Memorandum of Understanding signed in February 2007, the current status of a joint venture creation to deal with hydrocarbon production at the Acero Block and the possibility of Gazprom’s entry into the Bolivian-Venezuelan company Petroandina.

The meeting participants also discussed possible directions of sci-tech cooperation and the issues of experts training for the oil and gas industry.

Based on the meeting results the YPFB President and representatives of Gazprom and VNIIGAZ signed in the presence of Saul Avalos, the Bolivian Energy and Hydrocarbon Minister, a Memorandum to elaborate the General Scheme for the Bolivian gas industry development until 2030, as well as agreed on the working schedule.