(VOV) -The Vietnamese-Russian oil and gas joint venture enterprises (Vietsovpetro) plans to exploit 5.4 million tonnes of crude oil and bring ashore 3.06 billion cubic metres of gas this year.
Vietnam and Russia have agreed to upgrade their bilateral relations to comprehensive strategic partnership to meet their people’s aspirations and contribute to peace, stability and prosperity in the Asian-Pacific region and the world.
The Russian-Vietnamese oil and gas joint venture, Vietsovpetro, has announced that its workers had discovered a new oil supply at its Meo Trang (White Cat) site on August 23.
Vietsovpetro has found oil in Mioxen layer in the northeastern part of Bach Ho oilfield offshore southern Vietnam, said its Geological Deputy General Director Tran Hoi.
Vietnam and Russia will continue cooperating in geological survey and oil and gas production on Vietnam’s continental shelf within the framework of the Vietnamese-Russian oil and gas joint venture (JV) Vietsovpetro after 2010.
The Vietsovpetro Joint Venture and the Rusvietpetro Limited Company are scheduled to be audited by the State Audit of Vietnam (SAV) and the Accounts Chamber of the Russian Federation in the first and second quarters of 2011, according to SAV.
The Vietnam-Russia Oil and Gas Joint Venture Enterprise (Vietsovpetro) is the symbol of effective economic cooperation and long-lasting friendship between the two countries, says NA Chairman Nguyen Phu Trong.
A ceremony was held in the south central province of Khanh Hoa on December 10 to present the order and medals of friendship to several organisations and individuals who have actively contributed to joint operations between Vietnam and Russia in the oil and gas industry.
The Vietnam-Russia Petroleum Joint Venture, also known as Vietsovpetro, is expected to fulfill its 2009 exploitation plan on December 13, said General Director Nguyen Huu Tuyen.
The Vietnam-Russia Oil and Gas Joint Venture Enterprise (Vietsovpetro) was awarded Ho Chi Minh Order at a ceremony in Vung Tau City on June 26 to mark its 28th anniversary.
Vietnam’s State Audit held a working session with the Russian Audit Chamber in Hanoi on March 2 to review their mutual audit report of Vietsovpetro - an oil and gas joint venture enterprise between Vietnam and Russia.