The statement was made by Nikolai Brunich, Director General of Zarubezhneft, at a meeting with Vietnamese Party politburo member Truong Tan Sang in Hanoi on August 29 during his current working visit to Vietnam.

Mr Brunich said that Zarubezhneft always attaches importance to cooperation with Vietnamese partners, committing to effectively implementing projects on oil and gas exploration and production in cooperation with PetroVietnam.

The group leader said Zarubezhneft will grant scholarships for Vietnamese students to study in Russia with the aim of preparing human resources for cooperative projects with PetroVietnam.

Truong Tan Sang spoke highly of the two oil and gas groups ‘ cooperation and new agreements in Vietnam, Russia and third countries. He stated that the Vietnamese State has created the best possible conditions for businesses from the two countries, particularly PetroVietnam and Zarubezhneft, to exploit their potential for the long-term benefit of the two peoples.