Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Vietnam, Russia Sign Production, Exploration Deals

change text size
Vietnam, Russia Sign Production, Exploration Deals

HANOI - Vietnam and Russia have signed deals for three oil and gas projects during Prime Minister Nguyen Tan Dung's visit to Moscow, the Vietnamese government said in a statement late Tuesday. 

State-run Petrovietnam signed an agreement on the production and use of natural gas with Gazprom OAO and a letter of intention on petrochemical and oil exploration with Gazprom Neft. 

Petrovietnam also signed an agreement with Zarubezhneft to set up a drilling joint venture in Russia, the statement said. 

The governments of Vietnam and Russia have pledged to create favourable conditions for their oil joint ventures, and encourage the companies to expand operations in the two countries as well as in other countries, it added. 

The two countries target bilateral trade to reach $7 billion by 2015 and $10 billion by 2020, from nearly $3 billion in 2012.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Rigwatch Technician
Expertise: Rig Electrician, Rig Instrument Tech
Location: Clearfield, PA
 
Drilling Engineer
Expertise: Drilling Engineering, Petroleum Engineering
Location: Denver, CO
 
Completions consultant
Expertise: Well Site Supervisor, Workover or Completion
Location: Midland, TX
 
search for more jobs