Russian oil and gas group Zarubezhneft will expand cooperation with the Vietnam National Oil and Gas Group (PetroVietnam) and other Vietnamese partners, a Zarubezhneft executive has said.

Zarubezhneft General Director Nikolai Brunich made the statement at a meeting with Vietnamese Party politburo member Truong Tan Sang in Hanoi on August 29 during his current working visit to Vietnam .

Brunich said that Zarubezhneft always attaches importance to cooperation with Vietnamese partners, committing to effectively implementing projects on oil and gas exploration and production in cooperation with PetroVietnam.

In order to prepare human resources to expand cooperative projects with PetroVietnam, Zarubezhneft will grant scholarships to Vietnamese students to study in Russia , the group leader said.

Truong Tan Sang, standing member of the Secretariat of the Communist Party of Vietnam Central Committee, spoke highly of cooperation and new agreements between the two oil and gas groups in Vietnam , Russia and the third countries.

The Vietnamese Party official stated that the Vietnamese Party and State have supported and created the most favourable conditions for businesses from the two countries, particularly PetroVietnam and Zarubezhneft, to boost cooperation and develop their respective potential for long-term benefits of the two peoples./.