Vietsovpetro
Vietsovpetro, headquartered in Vung Tau, Vietnam, is a joint Russian-Vietnamese enterprise for oil and gas exploration.[3] According to the VNR500 (Top 500) ranking, Vietsovpetro is Vietnam's 8th largest company.[4][5]
| Type | Joint venture |
|---|---|
| Industry | Petroleum industry |
| Founded | 1981 |
| Headquarters | , |
| Products | Crude oil, natural gas |
Production output | 6.11 million tonnes of oil, 1.23 billion cubic metres of gas (2012)[1] |
| Revenue | Over US$5bn (2012)[1] |
| Parent | Petrovietnam (51%)[2] Zarubezhneft (49%)[2] |
| Website | www |
It was established in 1981 under an inter-governmental agreement between the JSC Zarubezhneft of the Soviet Union and Vietnam's state-owned Petrovietnam, with each side holding half of stake.[6]
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%.[6]
References
- "Vietsovpetro announce end of year results". VietNam News. 20 December 2012. Retrieved 25 December 2012.
- 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.
- "Vietnam". Zarubezhneft. Retrieved 30 September 2016.
- "Vietnam's top 500 firms in 2015 named". VietNam News. 4 December 2015. Retrieved 30 September 2016.
- "TOP 500 doanh nghiệp lớn nhất Việt Nam" (in Vietnamese). Vietnammonitor – Vietnam Report. Retrieved 30 September 2016.
- Dao Dang Toan (14 December 2010). "Russia, Vietnam extend VietsovPetro JV agreement". Platts. Retrieved 7 December 2011.
External links
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