Petroholland Signs $1bn Gas Pipeline Deal

Dutch oil company Petroholland has signed an agreement with Bolivian state owned oil conglomerate Yacimientos Petroliferos Fiscales Bolivianos (YPFB) for a $1bn gas pipeline in the Andean nation, the Bolivian state owned agency ABI says. The pipeline will be financed with resources from the Netherlands government, ABI adds. The first phase of the project is expected to start in August. Funding covers research, development and construction.