OREANDA-NEWS. September 19, 2008. A Gazprom delegation headed by Deputy Chairman of Management Committee of the company Alexander Medvedev paid a visit to Bolivia on 18 September, 2008.

In the framework of the visit Alexander Medvedev met President of the Bolivian state-owned oil and gas company YPFB Santos Ramirez. The parties discussed the state of current projects, as well as scientific and technical cooperation and personnel training. Besides, meetings with representatives of other oil and gas companies operating in Bolivia were held.

The negotiations resulted in the signing by OAO Gazprom, YPFB, and Total EP Bolivia, in presence of Bolivian President Evo Morales , of a trilateral Memorandum which foresees the joint assessment of the Acero block and marks another step forward to the creation of a new joint venture to produce hydrocarbons in Bolivia.

During the visit Alexander Medvedev was received by Bolivian President Evo Morales, who praised the high dynamic of cooperation between Gazprom and YPFB and displayed major interest in joint implementation on the territory of Bolivia of integrated projects that comprise both upstream and midstream of hydrocarbons.