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Gazprom and YPFB sign Cooperation Agreement on personnel training

Background

Gazprom's interests in Bolivian projects are represented by Gazprom International, a specialized company aimed at implementing hydrocarbon prospecting, exploration and development projects outside Russia.

In 2016, Gazprom and Yacimientos Petroliferos Fiscales Bolivianos (YPFB) inked the Agreement on strategic cooperation providing for joint efforts in exploration, production and transportation of hydrocarbons, construction and modernization of oil and gas infrastructure, and building of power generation capacities in Bolivia.

Also in 2016, Gazprom, YPFB, and Bolivia's Ministry of Hydrocarbons and Energy inked the Roadmap for implementing projects in Bolivia.

In the same year, Gazprom and Bolivia's Ministry of Hydrocarbons and Energy signed the Memorandum of Understanding to promote the use of liquefied natural gas.

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