During a reception in Hanoi on September 25 for Zarubezneft General Director
Sergey Kudryashov, the PM expressed support for the two companies’ proposal to
expand oil and gas survey and exploration in the two countries’ new blocks,
adding that he has requested accelerating negotiations to promptly sign an
inter-governmental agreement on oil and gas production joint-venture.
He also thanked President Vladimir Putin and Prime Minister Dmitry Medvedev for
their support of oil and gas collaboration between Vietnam and Russia,
including offering tax incentives for Rusvietpetro’s operation in several
blocks in Nhenhexky autonomous region.
Underlining the effective coordination between Zarubezneft and PetroVietnam
with their successful joint-ventures Vietsopetro and Rusvietpetro, Kudryashov
affirmed that Zarubezneft is keen on a strategic and long-term cooperation with
PetroVietnam.
He also wished the two countries will sign an inter-governmental agreement on
oil and gas survey and exploration as early as possible.
According to Kudryashov, Rusvietpetro has launched a successful oil and gas
project in northern Russia’s Nhenhexky autonomous zone.
Since September 2010, Rusvietpetro has pumped 8.78 million tonnes of oil,
raking in close to 4.6 billion USD in revenue and 1 billion USD in after-tax
profit. It plans to put two more oil fields into operation and double its total
capacity.
The Russian government is also ready to provide 1.2 billion USD in natural
resource tax waive and reduction for Rusvietpetro, he stated./.
Government commits to backing oil and gas ties with Russia
TCCT
Prime Minister Nguyen Tan Dung has committed all possible support to oil and gas cooperation between Vietnam and Russia as well as between their national oil and gas companies – PetroVietnam and Zarub