Home Industries

Russia inks oil supply deal with Viet Nam

Jun 20th at 10:38
20-06-2016 10:38:05+07:00

Russia inks oil supply deal with Viet Nam

Russia's Rosneft petroleum group will supply up to 96 million tonnes of oil to the PetroVietnam Oil Corporation (PV Oil) from 2016 to 2040, Vietnamplus.vn reports

 

The deal was reached by Rosneft CEO Igor Sechin and PV Oil Vice President Vo Khanh Hung at the 20th International Economic Forum in St. Petersburg city, Russia, on June 16-18.

It constitutes one of the biggest contracts of its kind, as targeted by Russia in its strategy to expand partnership in the Asian-Pacific market.

Igor Sechin said the contract turns Rosneft into the leading supplier of energy for Viet Nam – one of the most dynamic economies in Asia-Pacific.

The long-term deal will also allow the Russian company to improve its economic efficiency and contribute to stabilising the global energy market.

bizhub

MOST READ

NEWS SAME CATEGORY

UN to fund VN industrial strategies
INDUSTRIES Jun 20th at 10:33

UN to fund VN industrial strategies

The Ministry of Industry and Trade (MoIT) and the United Nations Industrial Development Organisation (UNIDO) launched a project Friday to support the Vietnamese...

The digital industrial revolution
INDUSTRIES Jun 17th at 10:52

The digital industrial revolution

Viet Nam should strengthen market-based reforms and invest in education and training in order to take advantage of opportunities arising from the next...

FPG's steel mill in VN on hold
INDUSTRIES Jun 17th at 10:49

FPG's steel mill in VN on hold

Formosa Plastics Group (FPG) yesterday confirmed that the scheduled launch date for operations at a subsidiary's steel mill in Viet Nam has been postponed with no...

CIC - A flagship for sustainable cocoa development in Vietnam
INDUSTRIES Jun 17th at 10:07

CIC - A flagship for sustainable cocoa development in Vietnam

Vietnam is sitting on a big opportunity to expand its high-quality cocoa production and export, with a big boost from Cacao International Corporation (CIC), the...

More food transparency urged
INDUSTRIES Jun 17th at 09:57

More food transparency urged

By voluntarily providing information about their products, food producers can win consumers' trust, thus enhancing their competitiveness, a seminar heard in HCM...

Power market regulations to be ready by 2017
INDUSTRIES Jun 17th at 09:56

Power market regulations to be ready by 2017

Working on regulations to oversee the competitive power wholesale market are to be completed by June 2017.

Supporting industries need Government backing: JETRO chief
INDUSTRIES Jun 16th at 10:31

Supporting industries need Government backing: JETRO chief

Government incentives and support measures as well as promotions are necessary for the development of the supporting industry, according to the chief representative...

Supporting industries need Gov't
INDUSTRIES Jun 16th at 10:28

Supporting industries need Gov't

Government incentives and support measures as well as promotions are necessary for the development of the supporting industry, according to the chief representative...

Vinatex expects exports to grow 10% in 2016
INDUSTRIES Jun 15th at 16:51

Vinatex expects exports to grow 10% in 2016

The Viet Nam Textile and Garment Group (Vinatex) is expecting the export turnover to grow by 10 per cent this year to US$2.6 billion.

Textile exports inch up 6.1% in first five months
INDUSTRIES Jun 15th at 10:26

Textile exports inch up 6.1% in first five months

Garment and textile industry exports in the first five months of this year rose 6.1 per cent to US$8.6 billion, according to the Ministry of Industry and Trade.

Read More

MOST READ

Back To Top