Tuesday, August 14 2018


Inter-governmental group gathers in Venezuela

Update: April, 20/2012 - 10:21

CARACAS — Deputy Prime Minister Hoang Trung Hai and Venezuelan Vice President Rafael Ramirez co-chaired the second meeting of the inter-governmental committee between the two countries that opened in Caracas, Venezuela yesterday.

In his opening speech, the Venezuelan Vice President cum Minister of Energy and Oil said the content of the meeting was of great significance, creating new developments in co-operative fields between the two countries.

Reviewing the agreements reached between the two countries' high-ranking leaders during President Hugo Chavez' visit to Viet Nam in 2007 and at the first inter-governmental committee meeting, Vice President Rafael Ramirez said he expected the committee's working groups to reach agreements with a view to realising joint projects, thus bringing benefits for both sides.

He also showed interest in co-operative projects in oil and gas, agriculture, power and culture which have been implemented by the two sides.

Sharing the same view, Deputy PM Hai said the meeting was a suitable venue for the two sides to review the implementation of joint projects and propose measures to accelerate their implementation, to realise 50 co-operative documents signed over the last four years.

The Deputy PM stressed the strategic importance of oil and gas co-operation to both countries, saying it contributed to ensuring energy security for Viet Nam while helping Venezuela expand its relations with East Asia.

He said the Vietnamese Government supported the Junin 2 project being implemented by PetroVietnam and the Venezuela National Oil Petroleum Company to exploit an oil field in Venezuela by this year's fourth quarter.

Hai asked the working groups to review the project's progress and propose measures to deal with procedural difficulties, as well as discuss future co-operative opportunities.

The two sides considered the expansion of the area of the Junin 2 project, as well as the project on expanding and upgrading the Dung Quat oil refinery.

The two parties also exchanged views on co-operation in potential sectors, including telecommunications, small-scale hydropower plants and application of biogas in Venezuela's rural areas. — VNS

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