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Russia Beyond The Headlines

Russia, Vietnam sign new agreement on Vietsovpetro

April 25, 2016 Interfax, RBTH
New deal ensures continuous operation of joint venture
Oil Class For Rubles
Vietsovpetro’s profits have fallen on account of low oil prices. Source: Yegor Aleyev/TASS

Russia and Vietnam have signed a new agreement to ensure the continuous operation of their joint venture oil company Vietsovpetro.

Russian Deputy Energy Minister Yury Sentyurin and Vietnamese Industry and Trade Minister Tran Tuan Anh signed intergovernmental documents in Hanoi on April 20 to expand cooperation between Zarubezhneft and PetroVietnam, the parent companies of Vietsovpetro. 

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