Argentina, Brazil join Bolivian oil project

[Judi Lynn]

Argentina, Brazil join Bolivian oil project
15:54, March 03, 2011

Argentina and Brazil will join Bolivia's efforts to explore oil resources in the country's south, according to six new agreements signed here Wednesday by the three countries' leading oil firms.

The signatories include Bolivia's Yacimientos Petroliferos Fiscales Bolivianos (YPFB), Argentina's Yacimientos Petroliferos Fiscales (YPF) and Brazil's Petrobras, officials said.

"YPF's and Petrobras' commitment to investing in Bolivia is very important to us," YPFB president Carlos Villegas told reporters at the signing ceremony.

YPF's director of new areas Alejandro Jotayan described the deals as a "milestone" while Petrobras' country director in Bolivia Claudio Castejon said his company would continue investing in Bolivia.

http://english.peopledaily.com.cn/90001/90778/7307309.html