The Vietnamese diplomat highly valued the spirit and efforts of Rusvietpetro’s leaders, as well as Vietnamese workers for their effective coordination with Russian partner despite difficult and harsh working conditions.

Vietnamese Ambassador to Russia Dang Minh Khoi

He expressed satisfaction with the joint venture's efforts in ensuring the spiritual life and working environment for the staff, affirming that Rusvietpetro is an important impetus for the comprehensive strategic partnership between Vietnam and Russia.

Ambassador Khoi also had a working session with Yury Bezdudnuy, Governor of the Nenets autonomous region, during which the ambassador expressed his hope that the Governor and officials of the region will continue to create the most favorable conditions for the Rusvietpetro joint venture.

Zarubezhneft and the Vietnam Oil and Gas Group (PetroVietnam) formed the Rusvietpetro joint venture in September 2008 with Petro Vietnam having a 49 percent stake. This is the most successful offshore investment project of PetroVietnam in the field of oil and gas exploration and production.

As of August 31, 2021, the joint venture had exploited 30.48 million tons of oil, and total profit transferred to Vietnam reached 1.263 billion USD.

In 2021, Rusvietpetro targets to exploit over 3 million tons of crude oil with an estimated revenue of over 1.3 billion USD and post-tax profit around 410 million USD.

Source: VNA