Oil pumps.Lori / Legion-Media
PetroVietnam signed a series of agreements with Russian companies on May 17. The deals were signed in Moscow in the presence of visiting Vietnamese Prime Minister Nguyen Xuan Phuc.
The Vietnamese state-run oil and gas company signed a production-sharing agreement with Russia’s Zarubezhneft on the development of the 16-1/15 gas block on the Vietnamese shelf.
It also signed two memoranda with Gazprom on mutual understanding.
The first document was a memorandum to cooperate in the generation of electricity from gas.
The second was a memorandum to cooperate in new oil and gas projects.
PetroVietnam also signed a memorandum of understanding with Rosneft. The details of the memorandum, which was signed by Rosneft Chief Igor Sechin and PetroVietnam Chairman Nguyen Qwoc Khanh, were not revealed to the public.
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