Deputy Prime Minister Trinh Dinh Dung (R) and Paul Blakeley, President and Chief Executive Officer of Jadestone Energy Inc. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister TrinhDinh Dung on March 3 hosted a reception for Paul Blakeley, President and Chief Executive Officer of JadestoneEnergy Inc. - a Singapore-based multinational energy firm.
JadestoneEnergy is the parent company ofMitra Energy – which has been operating eight oil projects offshore and in themainland of Vietnam.
Deputy PM Dung affirmed that Vietnam always welcomes and creates themost favourable conditions for international investors to expand production andbusiness in the country.
To meet Vietnam’s energy need for economic development and energy security,Vietnam encourages enterprises with financial strength and technical experienceto participate in developing oil and gas projects, he said.
He highly appreciated Jadestone Energy's commitment to invest and expandproduction, and asked the firm to coordinate closely with the Ministry ofIndustry and Trade and the Vietnam Oil and Gas Group (PetroVietnam) to sooncomplete necessary procedures for its investment projects.
For his part, Blakeley thanked the Government, ministries and sectors ofVietnam for their support for his firm, adding that Vietnam’s preferentialpolicies for attracting investment, and improvements of business environmenthave encouraged international investors to expand their operation in thecountry.
He congratulated Vietnam on its socio-economic development achievements inrecent years, affirming that this is a favourable condition for companies likeJadestone Energy to expand investment and production in the Southeast Asiannation.
Jadestone Energy wants to expand investment in oil and gas exploration andexploitation in existing oil fields, and cooperate with Vietnamese partners indeveloping new offshore projects in the exclusive economic zone and continental shelf, and in the mainland ofVietnam, Blakeley said./.
VNA
