The Russia-Vietnam Joint Venture – Vietsovpetro[3] (VSP;[4],[5]) is a joint Russo-Vietnamese enterprise for oil and gas exploration headquartered in Vung Tau, Vietnam.[6] According to the VNR500 (Top 500) ranking, Vietsovpetro was Vietnam's 8th largest company.[7][8]
It was established in 1981 under an inter-governmental agreement between the JSC Zarubezhneft of the Soviet Union (later inherited by the Russian Federation) and Vietnam's state-owned Petrovietnam, with each side holding half of stake.[9]
On 10 December 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%.[9]
See also
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References
- Vietsovpetro announce end of year results Tuoi Tre News, 31 December 2021, retrieved 15 August 2022^
- Hieu Anh. VietsovPetro success story to get a new chapter Vietnam Investment Review, 31 December 2010, retrieved 30 September 2016^
- Introduction - Joint Venture "Vietsovpetro" Vietsovpetro^
- Giới thiệu - Liên doanh Việt - Nga "Vietsovpetro" Vietsovpetro^
- О НАС - Совместное российско-вьетнамское предприятие "Вьетсовпетро" Vietsovpetro^
- Vietnam Zarubezhneft, retrieved 30 September 2016^
- Vietnam's top 500 firms in 2015 named VietNam News, 4 December 2015, retrieved 30 September 2016^
- TOP 500 doanh nghiệp lớn nhất Việt Nam Vietnammonitor – Vietnam Report, retrieved 30 September 2016^
- Dao Dang Toan. Russia, Vietnam extend VietsovPetro JV agreement Platts, 14 December 2010, retrieved 7 December 2011^