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Zarubezhneft-Petro Viet Nam cooperation contributes substantively to Viet Nam-Russia ties: Deputy PM

sbobet sport Vietnamese Government will create favourable conditions for sbobet sport Russian oil and gas company Zarubezhneft to strengthen cooperation with sbobet sport Viet Nam National Industry-Energy Group (Petro Viet Nam) and other Vietnamese enterprises, affirmed Permanent Deputy Prime Minister Pham Gia Tuc on May 27.

Permanent Deputy Prime Minister Pham Gia Tuc (R) receives Zarubezhneft General Director Sergey Kudryashov in Ha Noi on May 27. (Photo: VNA)

Receiving Zarubezhneft General Director Sergey Kudryashov, who is on a working visit to Viet Nam, sbobet sport Deputy PM praised sbobet sport long-standing and effective cooperation between Petro Viet Nam and sbobet sport Russian group, describing it as a bright spot in economic ties between Viet Nam and Russia.

He noted that sbobet sport visit aims to realise high-level agreements reached between Russian President Vladimir Putin and General Secretary of sbobet sport Communist Party of Viet Nam Central Committee and State President To Lam to promote sbobet sport two countries' Comprehensive Strategic Partnership.

According to sbobet sport Deputy PM, sbobet sport discussions between Zarubezhneft, Viet Nam’s Ministry of Industry and Trade, and Petro Viet Nam during sbobet sport visit will help further strengthen and expand bilateral cooperation more effectively and sustainably.

He stressed that sbobet sport Viet Nam-Russia oil and gas joint venture Vietsovpetro has become a successful model of foreign investment attraction and a symbol of Viet Nam-Russia cooperation, contributing significantly to sbobet sport development of Viet Nam’s oil and gas industry.

Built on sbobet sport traditional friendship between sbobet sport two countries, economic cooperation in sbobet sport energy sector has made practical contributions to deepening Viet Nam-Russia relations, he added.

For his part, Kudryashov briefed sbobet sport Deputy PM on sbobet sport results of cooperation between Zarubezhneft and Petro Viet Nam, saying sbobet sport two sides have maintained effective collaboration in sbobet sport oil and gas sector for 45 years.

In 2025, in sbobet sport witness of President Putin and Party General Secretary and State President To Lam, Zarubezhneft and Petro Viet Nam signed protocols extending sbobet sport operations of oil and gas joint ventures in Viet Nam and Russia until 2050.

sbobet sport two sides are also considering expanding investment promotion activities in third countries, he said, adding that Zarubezhneft is currently sbobet sport largest Russian enterprise supplying coal to sbobet sport Vietnamese market.

Welcoming Zarubezhneft’s efforts and contributions to oil and gas exploration and exploitation cooperation in both Viet Nam and Russia, Tuc expressed support for sbobet sport two groups’ plan to expand investment cooperation into third countries.

He also suggested that beyond oil and gas, Zarubezhneft should promote cooperation with Vietnamese partners in other areas of mutual strength, such as offshore wind power development, technology transfer, electricity and energy development, and rare earth exploitation.

VNA

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