Russia inks oil supply deal with Viet Nam
Russia's Rosneft petroleum group will supply up to 96 million tonnes of oil to the PetroVietnam Oil Corporation (PV Oil) from 2016 to 2040, Vietnamplus.vn reports
 |
| Russia's Rosneft petroleum group will supply up to 96 million tonnes of oil to the PetroVietnam Oil Corporation (PV Oil) from 2016 to 2040. - Photo viettimes.vn |
The deal was reached by Rosneft CEO Igor Sechin and PV Oil Vice President Vo Khanh Hung at the 20th International Economic Forum in St. Petersburg city, Russia, on June 16-18.
It constitutes one of the biggest contracts of its kind, as targeted by Russia in its strategy to expand partnership in the Asian-Pacific market.
Igor Sechin said the contract turns Rosneft into the leading supplier of energy for Viet Nam – one of the most dynamic economies in Asia-Pacific.
The long-term deal will also allow the Russian company to improve its economic efficiency and contribute to stabilising the global energy market.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnamese enterprises embrace value creation model (December 13, 2024 | 09:00)
- Happy Vietnam awards honour photo and video artists (December 13, 2024 | 08:54)
- Vietnam unveils 2024 rankings of top employers and value-driven enterprises (December 12, 2024 | 17:00)
- ‘Blockbuster’ Eaton Park sells out just one week after launch (December 12, 2024 | 08:00)
- German businesses remain upbeat about Vietnam (December 11, 2024 | 15:45)
- Tech giants bet big on Vietnam's future (December 10, 2024 | 17:53)
- Forum on green solutions for industrial parks and investment promotion organised in Vinh Phuc (December 09, 2024 | 19:08)
- Vietnam and GGGI launch plan for green growth and climate action (December 08, 2024 | 20:38)
- FTZs to open regional doors for logistics (December 07, 2024 | 10:00)
- Vietnam sees increase in FDI in the first 11 months of 2024 (December 06, 2024 | 19:15)
Mobile Version