VIET NAM, ONCE ISOLATED, POISED FOR SIGNIFICANT ROLE IN OIL AND GAS

Viet Nam is on its way up in the petroleum world. After years of international isolation, the country is poised for a flurry of exploration by international oil companies in the early 1990s. Viet Nam has joined the Soviet Union as the only members of the now dissolved, formerly Moscow dominated, 10 nation Council for Mutual Economic Assistance (CMEA) that are self-sufficient in oil production.

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