Russian oil company signs MoU with PetroVietnam

July 04, 2017 - 13:00

ZARUBEZHNEFT, a Russian State-controlled oil company based in Moscow, and PetroVietnam Exploration Production Corporation (PVEP) signed a memorandum of understanding (MoU) on June 30.

Representatives of ZARUBEZHNEFT and PVEP sign a memorandum of understanding in Moscow. — Photo vov.vn

Viet Nam News

HÀ NỘI — ZARUBEZHNEFT, a Russian State-controlled oil company based in Moscow, and PetroVietnam Exploration Production Corporation (PVEP) signed a memorandum of understanding (MoU) on June 30.

The two companies will co-operate in developing off-shore oil opportunities in Moscow.

Under the MoU, the two sides intend to create favourable conditions for each other to continue studying and developing small oil reservoirs of block 09-2/09 in Cửu Long sediment basin, about 160km east off the southern province of Bà Rịa-Vũng Tàu.

ZARUBEZHNEFT specialises in exploration, development and operation of oil and gas fields outside the Russian territory. Meanwhile, PVEP is the upstream arm of Vietnam Oil and Gas Group (PetroVietnam), conducting the core business of exploration and production.

The signing was part of the Vietnamese President Trần Đại Quang’s official visit to Russia from June 28 to July 1, on the invitation of Russian President Vladimir Putin and Prime Minister Dmitri Medvedev. — VNS

Tags ZARUBEZHNEFT vietnam vietnam petrol

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

bizhub

Taiwan and Việt Nam collaboration in the water treatment sector is promising prosperity

bizhub

Maersk opens its first bonded warehouse in Việt Nam

More on this story

bizhub

VN remains key focus for global hotel industry: Jones Lang LaSalle

Hoteliers are attracted by Vietnamese rapidly growing tourism sector, robust economic development and infrastructure investments, real estate consultancy Jones Lang LaSalle has said in a recent report.

bizhub

High-quality product fair held in Quy Nhơn

A Vietnamese High-Quality Products Fair opens today in Quy Nhơn city with 400 booths set up by 150 Vietnamese businesses.

bizhub

Thành Thành Công to develop 20 solar power projects

Thành Thành Công Group (TTC) plans to develop 20 solar power projects nationwide with a total capacity of 1,000MW by 2020.

bizhub

Tuy Hòa sugar factory to enhance production capacity

The People’s Committee of the central province of Phú Yên has agreed to the Tuy Hòa Sugarcane and Sugar JSC’s plan to expand capacity .

bizhub

Tracodi adds new line of business, expands board of directors

The Transport and Industry Development Investment Joint Stock Company (Tracodi) decided at an extraordinary general meeting June 28 to add advertising services to its scope of business activities.

bizhub

VN to co-operate with Saudi Arabia in renewable energy projects

Việt Nam’s FECON Corporation and Saudi Arabi’s Acwa Power on Monday signed a Memorandum of Understanding (MOU) for co-operation on joint development of renewable energy projects in Việt Nam.

bizhub

Masan Consumer to issue 5 million ESOP shares

Masan Consumer Corporation will issue nearly five million shares to its staff under the Employee Stock Ownership Plan (ESOP) programme in July, the company has announced.

bizhub

First B2S stationery centre opens in Việt Nam

B2S, a leading Thai stationery chain and member of the Central Group, opened its first outlet in Việt Nam on Saturday, July 1, in HCM City’s Thủ Đức District.

bizhub

Hospitality sector to see strong growth, says consultancy

Hoteliers are attracted to Việt Nam by a rapidly growing tourism sector, robust economic development and infrastructure investments, real estate consultancy JLL has said.