Russia, Vietnam seek to facilitate oil and gas cooperation

VOV.VN - Deputy Prime Minister Trinh Dinh Dung has reiterated Vietnam's willingness to offer the best possible favorable conditions for the oil and gas companies of Vietnam and Russia to step up bilateral cooperation.

Dung was speaking at a reception in Hanoi on October 27 for Sergey Kuderyasov, General Director of Russia’s Zarubezhneft oil and gas group.

He asked the group to work closely with the Vietnam National Oil and Gas Group (PetroVietnam) to seek measures to reduce costs and enhance the operational efficiency of the Vietsovpetro and Rusvietpetro joint ventures and exert greater efforts to make optimum use of the existing oil fields.

Kuderyasov said Zarubezhneft’s cooperative projects with PetroVietnam were being implemented effectively as scheduled.

The joint ventures will continue expanding more exploitation areas in the coming time, he said.

Deputy PM Dung asked the Ministry of Industry and Trade and the PVN to closely cooperate with Zarubezhneft and the two nations’ relevant ministries and sectors, thus promoting stronger links between Vietnamese and Russian petroleum companies.