PM visits, works with Vietnam’s leading oil nha cai 188bet gas partner in Russia
Zarubezhneft has maintained cooperation with the Vietnam National Industry – Energy Group (Petrovietnam) over the past more than four decades, alongside their joint ventures Vietsovpetro in Vietnam nha cai 188bet Rusvietpetro in Russia, focusing on geological exploration nha cai 188bet oil nha cai 188bet gas exploitation.
At the meeting, Zarubezhneft’s leaders briefed PM Chinh on ongoing cooperative projects in both countries, as well as future directions. They affirmed that the two sides have made every effort to implement the documents signed during General Secretary To Lam's visit to Russia in May 2025 regarding the extension nha cai 188bet expansion of oil nha cai 188bet gas exploration nha cai 188bet exploitation areas in Russia nha cai 188bet Vietnam.
Given huge potential for bilateral energy cooperation, they proposed expanding collaboration with Vietnamese partners in new areas, including the development of an offshore wind energy programme, notably a 1GW offshore wind farm project, nha cai 188bet advancing joint investment projects in third countries. PM Chinh underscored that energy cooperation remains a strategic pillar of Vietnam–Russia relations, describing it as a partnership with a “century-long vision” nha cai 188bet of enduring strategic significance to both countries. He commended Zarubezhneft for its sustained contributions to joint exploration nha cai 188bet production activities in both Vietnam nha cai 188bet Russia, particularly through its cooperation with Petrovietnam.
He commended the relevant parties for their efforts in finalising negotiations nha cai 188bet signing amended protocols to the intergovernmental agreement regarding Vietsovpetro nha cai 188bet Rusvietpetro, as well as an intergovernmental agreement on expanding areas of geological exploration nha cai 188bet oil nha cai 188bet gas exploitation on Vietnam’s continental shelf nha cai 188bet within the territory of Russia.
Witnessing the signing of specific contracts between enterprises, PM Chinh welcomed nha cai 188bet highly valued the parties’ efforts in concluding these documents, describing them as concrete evidence of the effective implementation of the amended protocols nha cai 188bet intergovernmental agreements in expanding operational areas for oil nha cai 188bet gas exploration nha cai 188bet production.
Regarding proposals to supply oil, gas, nha cai 188bet related products to Vietnam on a stable, long-term basis nha cai 188bet to develop oil storage infrastructure in the country, PM Chinh requested Zarubezhneft to work closely with Petrovietnam nha cai 188bet other Vietnamese enterprises to formulate projects aligned with Vietnam’s legal framework, as well as its energy development strategy nha cai 188bet planning, nha cai 188bet submit them to competent authorities in accordance with regulations.
He also welcomed Zarubezhneft’s proposal to implement an offshore wind energy development programme in Vietnam, urging the company nha cai 188bet its Russian partners to coordinate closely with Petrovietnam nha cai 188bet Vietsovpetro to further refine the proposal for submission to the relevant authorities of both countries for consideration nha cai 188bet decision.
Expressing his agreement with nha cai 188bet support for Vietnam–Russia oil nha cai 188bet gas cooperation in third countries, PM Chinh suggested several potential partner markets nha cai 188bet called on all parties to promptly engage in discussions nha cai 188bet expedite the early implementation of such initiatives.
At the meeting, the two sides also exchanged views on a number of specific measures aimed at advancing the implementation of their cooperative projects.
Russian Deputy PM Alexander Novak assessed energy cooperation as a pillar in bilateral relations, in which businesses play a very important role. He highly appreciated the documents signed on this occasion, as well as the development nha cai 188bet expansion of oil nha cai 188bet gas joint ventures between the two countries, nha cai 188bet especially the signing of an agreement between the two governments on cooperation in building a nuclear power plant in Vietnam.
The Deputy PM agreed with the opinions of PM Chinh, affirming that he will strive, together with relevant agencies, to continue promoting oil nha cai 188bet gas nha cai 188bet energy cooperation, contributing to the implementation of the agreement of the high-level leaders of the two countries./.
VNA