Russia, Vietnam sign new agreement on Vietsovpetro

Vietsovpetro’s profits have fallen on account of low oil prices.

Vietsovpetro’s profits have fallen on account of low oil prices.

Yegor Aleyev/TASS
New deal ensures continuous operation of joint venture

Russia and Vietnam have signed a new agreement to ensure the continuous operation of their joint venture oil company Vietsovpetro.

Russian Deputy Energy Minister Yury Sentyurin and Vietnamese Industry and Trade Minister Tran Tuan Anh signed intergovernmental documents in Hanoi on April 20 to expand cooperation between Zarubezhneft and PetroVietnam, the parent companies of Vietsovpetro. 

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