Business

Vietnamese company to provide vessels for India’s oil and gas corp

The Hai Duong Petroleum and Marine Corporation (HADUCO) and the Oil and Natural Gas Corporation Limited (ONGC) of India on June 20 signed a contract on providing seven multi-purpose support vessels serving ONGC's oil and gas exploration and exploitation activities off the eastern and western coasts of India.
Vietnamese company to provide vessels for India’s oil and gas corp ảnh 1HADUCO's multi-purpose support vessel (Photo courtesy of the company)
New Delhi (VNA) – The Hai Duong Petroleum and Marine Corporation(HADUCO) and the Oil and Natural Gas Corporation Limited (ONGC) of India onJune 20 signed a contract on providing seven multi-purpose support vesselsserving ONGC's oil and gas exploration and exploitation activities off the eastern and western coasts of India.

Speaking at the contract signing ceremony in Mumbai city,Minister Counsellor - Deputy Ambassador of Vietnam to India Do Thanh Hai affirmedthat HADUCO's signing of the contract was of special significance, not onlyshowing the development of a Vietnamese enterprise, but also opening up newcooperation opportunities between the two countries, particularly theirbusinesses.

This milestone once again affirmed that strengthening cooperationand trade relations between the two countries not only benefits both sides butalso contributes to promoting maritime connectivity, contributing to stabilityand development of the Indo-Pacific region, he added.

Established in 2000, HADUCO owns a fleet of 42 vesselsoperating on a global scale including in Malaysia, Myanmar, Thailand, Russia,India, and Japan.

The company has been aggressively expanding its fleet whichhas doubled since 2018 despite the global slowdown due to low crude oil pricesand the COVID-19 pandemic./.
VNA
#HADUCO #multi-purpose support vessel #Oil and Natural Gas Corporation Limited #India #Vietnam #Vietnamplus #Vietnam News Agency
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