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EXIAR signs an agreement with Bolivia's Ministry of Hydrocarbons

27 november 2017

On November 23, 2017 Exiar, which is part of Russian Export Center Group, and the Ministry of Hydrocarbons of the Plurinational State of Bolivia with the assistance of GAZPROM EP INTERNATIONAL B.V. signed a Memorandum of Understanding to expand consumption of natural gas in the transport sector. The agreement was signed by Timur Khayretdinov, the EXIAR Director for structural projects and Esther Alejandra Huaylla Vargas, the representative of the Ministry of Hydrocarbons.

For the implementation of the energy matrix modification policy, the Ministry of Hydrocarbons of the Plurinational State of Bolivia intends to involve Russian companies, in particular, companies of Gazprom Group.

This agreement is the first step in the long-term collaboration to expand the use of natural gas in the transport industry of Bolivia with the use of Russian technologies and it provides access to Russian export financing and opens a new market for Russian companies

Timur Khayretdinov
Director for EXIAR structural projects

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