NDO – Deputy Prime Minister Trinh Dinh Dung has spoken highly of the oil and gas cooperation between Vietnam and Russia over the past few years, hailing this as one of the key and most effective pillars in their bilateral relations, generating a huge source of revenue for the budget of each country. The deputy PM made the remark while hosting a reception for Sergei Ivanovich Kudryasov, General Director of Russia’s Zarubezhneft JSC, in Hanoi on January 25. He stated that the cooperation in oil and gas exploration and exploitation between the Vietnam National Oil and Gas Group (PVN), other Vietnamese oil and gas enterprises, and Zarubezhneft has significantly contributed to strengthening the Vietnam-Russia strategic partnership, thus bringing huge economic benefits to both sides. The Vietnamese Government always encourages and creates favourable conditions for the enhancement of cooperation between Vietnamese and Russian oil and gas companies, Deputy PM Dung said, asking Zarubezhneft to work closely with the PVN in order to seek measures to reduce costs and improve the operational efficiency of Vietsovpetro and Rusvietpetro joint ventures. At the reception. (Photo: VGP) Thanking the Vietnamese and Russian Governments for their timely directions in removing any difficulties for oil and gas ventures between the two countries, Zarubezhneft General Director Sergei Ivanovich Kudryasov urged the Vietnamese Government to continue directing the relevant ministries and sectors to remove a number of existing obstacles. Recognising this recommendation, Deputy PM Dung assigned the Ministry of Industry and Trade and the PVN to work closely with… [Read full story]
Visiting Vietnamese Deputy Prime Minister Hoang Trung Hai has met with Venezuelan Vice President cum Minister Energy and Petroleum Rafael Ramirez Carrexo and Electricity Minister Ali Rodriguez to discuss ways to boost bilateral ties in oil, gas and power in the next years. During the meeting with Rafael on June 29, Hai vowed to consider Venezuela's plan to join Dung Quat oil refinery expansion project in Vietnam and invited the host to visit the Southeast Asian country on the occasion of the 2nd meeting of the Vietnam-Venezuela Inter-governmental Committee to be held in Hanoi in the third quarter of this…... [read more]
Petroleos de Venezuela S.A (PDVSA) will open a representative office in Hanoi soon to accelerate cooperation with Vietnam National Oil & Gas Group (PetroVietnam), said Venezuela's President Hugo Chavez. Addressing the first meeting of Vietnam-Venezue Joint Committee in Caracas, Mr. Chavez emphasized that PetroVietnam is joining accessing reserve of Junin 2 oilfield on the Orinoco strip, the world oil-richest area. He said the two countries will soon set up an oil refining joint venture in Vietnam to refine oil produced from the Junin 2 oilfield with a reserve of 49 billion barrels. In order to reduce costs, the two sides…... [read more]
The state-run Vietnam Oil and Gas Group (PetroVietnam)'s Deputy General Director Nguyen Quoc Thap July 27 received Uzbekistan Deputy Minister of Foreign Economic Relations, Investment and Trade N.Nazumov to boost oil and gas cooperation between the two nations in the next years. Thap and Nazumov discussed plans to start conducting seismic surveys for oil and gas at block Kossor in Ustyurt plateau, and in Bukhara-Khiva region in Uzbekistan, PetroVietnam said on its website. On January 29, PetroVietnam signed a US$30-million contract with Uzbekistan's state oil company Uzbekneftegaz to drill three oil wells and conduct 2D seismic surveys over the next…... [read more]
Vietnamese President Nguyen Minh Triet received Asdrubal Chavez - Vice Chairman of Venezuela's state oil company Petróleos de Venezuela SA (PDVSA) on Saturday in Hanoi in a bid to boost bilateral oil and gas cooperation between the two countries. During the reception, President Triet expressed his desire for the state-run oil monopoly PetroVietnam Group and PDVSA to boost their oil and gas cooperation. In April, the Venezuelan Petroleum Corporation (CVP), a unit of PDVSA, received permission to set up a joint venture with PetroVietnam's affiliate - PetroVietnam Exploration and Production Corporation (PVEP) - to explore and produce oil in the…... [read more]
Vietnam and Uzbekistan will strengthen bilateral cooperation in many areas, including oil and gas exploration and exploitation, a statement on the government website said Monday. Measures to strengthen bilateral ties were discussed and agreed to by Vietnamese Prime Minister Nguyen Tan Dung and his Uzbek counterpart Shavkat Mirziyoyev in the country's capital Tashkent. Dung was on three day (October 2-4) official visit to Uzbekistan at the invitation of Mirziyoyev. Stressing that the oil and gas sector is a major area of cooperation between the two countries, Dung proposed that Uzbekistan completes local procedures soon so that its state-owned oil and…... [read more]
