Vietsovpetro

Vietsovpetro

Vietsovpetro

Vietnamese petroleum enterprise

The Russia-Vietnam Joint Venture – Vietsovpetro[3] (VSP;[4]Vietnamese: Liên doanh Việt – Nga Vietsovpetro, lit. 'Viet-Russo Joint venture Vietsovpetro',[5]Russian: Совместное российско-вьетнамское предприятие «Вьетсовпетро», romanized: Sovmestnoye rossiysko-v'yetnamskoye predpriyatiye «V'yetsovpetro», lit. 'Joint Russian-Vietnamese venture «Vietsovpetro»') is a joint Russo-Vietnamese enterprise for oil and gas exploration headquartered in Vung Tau, Vietnam.[6] According to the VNR500 (Top 500) ranking, Vietsovpetro was Vietnam's 8th largest company.[7][8]

Quick Facts Trade name, Native name ...

It was established in 1981 under an inter-governmental agreement between the JSC Zarubezhneft of the Soviet Union (later inherited by the Russian Federation) and Vietnam's state-owned Petrovietnam, with each side holding half of stake.[9]

On 10 December 2010, VietsovPetro agreed to extend its cooperation with JSC Zarubezhneft for 20 years until 2030. As per the new arrangement, PetroVietnam will hold a 51% stake in the joint venture with the Russian company holding 49%.[9]

See also

References

  1. [1]
    "Vietsovpetro announce end of year results". Tuoi Tre News. 31 December 2021. Retrieved 15 August 2022.
  2. [2]
    Hieu Anh (31 December 2010). "VietsovPetro success story to get a new chapter". Vietnam Investment Review. Archived from the original on 18 January 2013. Retrieved 30 September 2016.
  3. [3]
    "Introduction - Joint Venture "Vietsovpetro"". Vietsovpetro.
  4. [4]
    "Giới thiệu - Liên doanh Việt - Nga "Vietsovpetro"". Vietsovpetro (in Vietnamese).
  5. [5]
    "О НАС - Совместное российско-вьетнамское предприятие "Вьетсовпетро"". Vietsovpetro (in Russian).
  6. [6]
    "Vietnam". Zarubezhneft. Retrieved 30 September 2016.
  7. [7]
    "Vietnam's top 500 firms in 2015 named". VietNam News. 4 December 2015. Retrieved 30 September 2016.
  8. [8]
    "TOP 500 doanh nghiệp lớn nhất Việt Nam" (in Vietnamese). Vietnammonitor – Vietnam Report. Retrieved 30 September 2016.
  9. [9]
    Dao Dang Toan (14 December 2010). "Russia, Vietnam extend VietsovPetro JV agreement". Platts. Retrieved 7 December 2011.
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