Government chief expects stronger Vietnam-Russia oil, gas cooperation

Kudryashov told the host that the over 40 years of ties between Zarubezhneft and the Vietnam Oil and Gas Group (Petrovietnam) through the Vietsovpetro and Rusvietpetro joint ventures, has notched up successes in geological exploration, as well as oil and gas exploitation, thereby creating jobs and contributing to each country’s budget.

He therefore asked that the Vietnamese Government leader direct the settlement of difficulties and obstacles in collaboration projects.

Russia is keen to continue ramping up co-operation with Vietnam in a multitude of fields, especially economics, trade, and investment, including oil and gas, he stated, adding that Zarubezhneft hopes to expand collaboration with the Vietnamese side to other fields, including offshore wind power development in the nation.

Showing his support for accelerating the settlement of difficulties and problems in co-operation projects, PM Chinh said that the country always backs and offers the optimal conditions possible to boost oil and gas collaboration between the two countries based on the principle of "harmonious benefits, shared risks".

He therefore asked ministries and sectors to review the implementation of co-operation agreements signed by the two countries’ senior leaders, including in the oil and gas sector, and include it in the agenda of the upcoming Vietnam-Russia Intergovernmental Committee meeting.

PM Chinh voiced his hope that Russia will deal with existing problems in oil and gas ties, whilst facilitating Pertrovietnam’s expanded investment in Russia. He requested that Zarubezhneft and Petrovietnam set up a working group to fast-track the settlement of problems, as well as research and propose appropriate collaboration contents.