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PM calls for stronger oil and gas links with Kazakhstan

Update: June, 01/2015 - 08:15
Prime Minister Nguyen Tan Dung (left) meets with his Kazakh counterpart Karim Masimov in Astana City. — VNA/VNS Photo Duc Tam

ASTANA (VNS) — Prime Minister Nguyen Tan Dung on Saturday said the Vietnamese Government would create optimal conditions for Kazakhstan businesses to operate in Viet Nam, highlighting the potential in oil and gas exploration.

Meeting with leaders of the Kazakhstan National Oil and Gas Company (KazMunaiGaz) in the Kazakh capital of Astana, he hoped the group would further co-operation with the Viet Nam National Oil and Gas Group (PetroVietnam) in exploring and exploiting oil and gas resources, and providing technical services for these activities.

The two companies could consider collaboration projects in the respective countries or others, he suggested.

He also highlighted the free trade agreement recently signed between Viet Nam and the Eurasia Economic Union (EEU), saying it created a foundation for strong multilateral trade and investment links forward, including between Viet Nam and Kazakhstan.

KazMunaiGaz representatives told the PM that the company was willing to partner with PetroVietnam in exploring and exploiting oil and gas resources in either country.

Prime Minister Nguyen Tan Dung and his entourage met with representatives of Vietnamese businesses operating in member countries of the Eurasian Economic Union. — VNA/VNS Photo Duc Tam

During the meeting, PM Dung witnessed the signing of a co-operation agreement on the exploration, exploitation and provision of oil and gas services between PetroVietnam and KazMunaiGaz.

Also on Saturday, Dung and his entourage met with representatives of Vietnamese businesses operating in member countries of the Eurasian Economic Union (EEU)

He said that the FTA between Viet Nam and the Eurasian Economic Community was an important step in fostering friendship and co-operation between Viet Nam and members of the EEU.

He urged all agencies, as well as Vietnamese businesses at home and abroad, to effectively implement the agreement.

The EEU market has strict food safety and hygiene requirements as a technical barrier that needs to be overcome, he said, adding, "It is our responsibility to boost domestic production and export to benefit our nation." — VNS

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