Save Article Instructions

Rosneft, Petrovietnam ink cooperation MOU

Rosneft and Petrovietnam have signed a memorandum of understanding to strengthen cooperation in upstream and downstream oil and gas operations in Russia, Vietnam, and third countries.

Rosneft has Vietnamese interests through TNK Vietnam, a 100% indirect subsidiary it absorbed when it acquired TNK-BP in March (OGJ Online, Mar. 21, 2013).

TNK Vietnam holds a 35% interest in and operates offshore Block 06-1 and a 32.67% share of the Nam Con Son pipeline, which carries natural gas and condensate from offshore fields to the Dinh Co Terminal and to the Phy My Power Complex.

To access this Article, go to: