Romania seeks oil and gas co-operation with Vietnam

November 25, 2010 | 21:29

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Romania wants to co-operate with Vietnam in oil and gas and the petrochemical industry in the near future, a representative from its Ministry of Economy, Trade and Business Environment said.

Valentin Brebenel, who is also Co-ordinator for Asia, said at a business conference on November 24 in Hanoi that Romania welcomes all suggestions, from drilling, constructing oil refineries to exploring for oil and gas in a third country.

In addition to these fields, Romanian businesses also want to co-operate with Vietnam in manufacturing ball bearings and pharmaceuticals, and especially in building fishing ports, he said.

Appreciating Vietnam’s role as ASEAN chair in 2010, the official affirmed that Vietnam was an important partner of Romania in ASEAN and Vietnam will become a gateway for Romania in the region to develop co-operation with Laos, Cambodia and Myanmar.

Deputy Minister of Industry and Trade Le Danh Vinh also called for the business communities of the two countries to promote co-operation for the mutual benefit.

According to the Vietnam's Ministry of Industry and Trade, in 2009, two-way trade between Vietnam and Romania grew to about $100 million and it reached $70 million in the first nine months of this year.

Nhandan

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