The Vietnam Oil and Gas Corporation (Petrovietnam) has revealed that, between now and the end of this year, it will put four new oil fields into operation, including Nam Rong-Doi Moi and Peal oil fields in home waters and two others in Malaysian waters.

Photo: VNN

During the first six months of 2009, the group’s total turnover was estimated at over VND120 trillion, 57% of the planned target set for the whole year, while the export turnover reached US$3.5 billion.

It is projected that in the near future, Petro Vietnam will set up two joint ventures in Russia and Venezuela to fulfill signed contracts for oil and gas exploitation.

Source: TTO

Translated by Vu Hung