A delegation from the Petrovietnam Exploration Production Corporation (PVEP), led by Chairman of the PVEP Members Council Tran Quoc Viet, on May 24 held a working session with their colleagues of Russia's Zarubezhneft JSC in Russia to discuss potential cooperation areas.
The Vietnamese side praised the technical capabilities of Zarubezhneft and its affiliated petroleum research exploration institute VNIINeft.
PVEP and VNIINeft have significant potential for future joint projects, given the latter’s history of supplying products to Vietnam, Viet said.
In response, Vyacheslav Terentyev, Deputy Director General for Business Development at Zarubezhneft, introduced the company’s new development directions, including geothermal energy, import substitution, and digital transformation.
At the event, a memorandum of understanding was signed between VNIINeft and PVEP’s technical centre (PVEP - ITC) to concretise their cooperation opportunities.
On the same day, the delegation met with leaders of RusVietPetro, the most successful overseas oil and gas joint venture of the Vietnam Oil and Gas Group (Petrovietnam). RusVietPetro exploits about 3 million tonnes of oil annually, contributing substantial foreign exchange earnings of Vietnam.
TH Group recently began constructing a dairy farming and milk processing project in Nikolo-Mikhailovka village in Russia's far eastern Primorsky territory.
VOV.VN - The Vietnam Union of Friendship Organisations (VUFO), the Russian Embassy in Vietnam and Vietnam-Russia Friendship Association jointly held a conference in Hanoi on May 15 with the aim of sharing information about the situation in Russia and bilateral ties.
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