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PM vows to back PetroVietnam-Gazprom Neft cooperation

Prime Minister Nguyen Tan Dung has told Chairman of the Management Board of Russia’s Gazprom Neft Company A. Dyukov that Vietnam always backs cooperation between the firm and PetroVietnam for mutual benefit.
Prime Minister Nguyen Tan Dung has told Chairman of the Management Boardof Russia’s Gazprom Neft Company A. Dyukov that Vietnam always backscooperation between the firm and PetroVietnam for mutual benefit.

During a reception for Dyukov in Hanoi on November 14, the Governmentleader said he discussed bilateral oil and gas cooperation with hisRussian counterpart Medvedev on the sidelines of the freshly-ended 25thASEAN Summit in Myanmar, and the two sides have agreed to supportongoing and future joint projects of the Vietnam Oil and Gas Group(PetroVietnam) and Gazprom Neft.

PM Nguyen Tan Dungproposed that the two sides finalise documents on a governmentalagreement on oil and gas cooperation projects, so that the deal can besigned during the upcoming Russia visit of Party General SecretaryNguyen Phu Trong.

The PM expressed hope that GazpromNeft will continue expanding its investment in Vietnam, especially inoil and gas exploration and exploitation, refinery and crude oil supply,contributing to enhancing economic, trade and investment partnershipbetween the two countries.

On his part, Dyukov briefed his host on Gazprom Neft’s operations and outcomes of its collaboration with PetroVietnam.

He noted that along with its commitment to ensuring the supply ofcrude oil for the expanded Dung Quat Refinery, Gazprom Neft is workingwith PetroVietnam on another deal to exploit a new oil field in Russiawith an estimated reserve of 140 million tonnes .

Heheld that with the underway and planned projects, the partnershipbetween Gazprom Neft and PetroVietnam, as well as Vietnam and Russia ingeneral, will bring long-term benefit for both sides.-VNA
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