The Ministry of Industry and Trade of the Socialist Republic of Vietnam issued an adjusted investment license for the oil and gas Block 09-2/09 located on the continental shelf of the country on July 9, 2020. The shares of the participants in the project shall be distributed as follows: the project’s operator JV Vietsovpetro – 40%, Zarubezhneft JSC – 30% and Petrovietnam Exploration and Production– 30%.
The Operational headquarters chaired by the General Director Sergey Kudryashov has been operating in the company since early March
For the purpose of improving the Company’s information disclosure level and compliance with the best international practices, Zarubezhneft JSC has published its audited consolidated financial statements reflecting the results of Zarubezhneft Group of Companies’ activities in 2019 prepared in accordance with the international standards (IFRS)
Miller and Lents Ltd. consulting company has successfully completed the international audit of Zarubezhneft’s reserves for 2019
During the meeting the parties have discussed the issues of production and financial performance of the enterprises of Zarubezhneft Group of Companies and representing the downstream segment under the results of 2019 as well as the key directions of further business development for 2020