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Bolivia signs contract with Gazprom, French Totale to develop Acero block

August 01, 2013, 19:32 UTC+3

Evo Morales said that Gazprom and Total act as partners of Bolivia and not as “bosses and owners”

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BUENOS AIRES, August 1 (Itar-Tass) - Bolivia has signed an agreement with Russian Gazprom gas giant and French Total to develop the Acero block, Bolivian state-run news agency ABI reported on Thursday.

Bolivian President Evo Morales, who attended the signing ceremony, expressed confidence that such projects in the energy sector will keep “making a contribution to the strengthening of the national economy”.

“The presence of Russia is very important for Bolivians and Latin Americans from the point of view of investments and cooperation,” the president said, adding that this presence “will not let any external groups be in command” in the region.

The president said that before national resources in Bolivia were nationalized in 2006, foreign companies had virtually owned the deposits they were developing. Now, Gazprom and Total act as partners of Bolivia and not as “bosses and owners” like it was the case earlier with other investors.



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