Gazprom to Invest $1.2 Bln in Bolivia

(Energy Analytics Institute, Aaron Simonsky, 28.Jun.2018) – Gazprom confirmed it will invest $1.22 billion in the Bolivian petroleum sector.

The Russian company’s investments will be destined towards exploration activities at the Vitiacua field located in the department of Chuquisaca. Gazprom didn’t rule out financing rehabilitation projects for older Bolivian fields, reported the daily newspaper La Razon.

The announcement came during a ceremony in the presence of Bolivia’s President Evo Morales with Gazprom and the Russian fertilizer company Acron. Other meetings in Moscow included the presence of numerous authorities from the government of Russian President Vladimir Putin.

Bolivia and Russia also discussed deals related to geological cooperation on issues related to groundwater, the daily reported.

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Author: Energy Analytics Institute (EAI)

Energy Analytics Institute (EAI) is a Houston-based independent think-tank providing unbiased research, analysis, commentaries, opinions and breaking news related to the petroleum sectors in the Latin American and the Caribbean regions.

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