Rosneft, PetroVietnam sign contract for oil supplies
(VOV) - At the St. Petersburg International Economic Forum on May 24, the Russian Rosneft Oil and Gas Group and Vietnam Oil and Gas Group (PetroVietnam) signed an agreement including major terms for long-term oil supplies to Dung Quat Oil Refinery in Vietnam.
The signing ceremony was chaired by Russian President Vladimir Putin. Under the agreement, Rosneft will provide Dung Quat Oil Refinery with 6 million tonnes of ESPO oil per year via Kozmino terminal from now till 2039.
Rosneft President Igor Sechin said that PetroVietnam is one of the main Rosneft’s partners in the Asia-Pacific region. The long-term contract for oil supplies is the crucial phase in developing cooperative relations between the two groups.