Vietsovpetro

Vietsovpetro
Joint venture
Industry Petroleum industry
Founded 1981 (1981)
Headquarters Vung Tau, Vietnam
Products Crude oil, natural gas
Production output
 6.11 million tonnes of oil,
1.23 billion cubic metres of gas (2012)[1]
Revenue Over US$ 5bn (2012)[1]
Parent Petrovietnam (51%)[2]
Zarubezhneft (49%)[2]
Website www.vietsov.com.vn

Vietsovpetro, headquartered in Vung Tau, Vietnam, is a joint Russian-Vietnamese enterprise for oil and gas exploration.[3] According to the VNR500 (Top 500) ranking, Vietsovpetro is Vietnam's 8th largest company.[4][5]

It was established in 1981 under an inter-governmental agreement between the JSC Zarubezhneft of the Soviet Union and Vietnam's state-owned Petrovietnam, with each side holding half of stake.[6]

On December 10, 2010, VietsovPetro agreed to extend its cooperation with JSC Zarubezhneft for 20 years until 2030. As per the new arrangement, PetroVietnam will hold a 51% stake in the joint venture with the Russian company holding 49%.[6]

See also

References

  1. 1 2 "Vietsovpetro announce end of year results". VietNam News. 20 December 2012. Retrieved 25 December 2012.
  2. 1 2 Hieu Anh (31 December 2010). "VietsovPetro success story to get a new chapter". Vietnam Investment Review. Archived from the original on 18 January 2013. Retrieved 30 September 2016.
  3. ↑ "Vietnam". Zarubezhneft. Retrieved 30 September 2016.
  4. ↑ "Vietnam's top 500 firms in 2015 named". VietNam News. 4 December 2015. Retrieved 30 September 2016.
  5. ↑ "TOP 500 doanh nghiệp lớn nhất Việt Nam" (in Vietnamese). Vietnammonitor - Vietnam Report. Retrieved 30 September 2016.
  6. 1 2 Dao Dang Toan (14 December 2010). "Russia, Vietnam extend VietsovPetro JV agreement". Platts. Retrieved 7 December 2011.

Sources

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