Sergey Kudryasov took part in the meeting between Prime Minister of Russia and President of Vietnam

Sergey Kudryasov took part in the meeting between Prime Minister of Russia and President of Vietnam

As part of the official visit to Russia of the President of the Socialist Republic of Vietnam (SRV) Nguyen Xuan Phuc, a meeting was held with the Prime Minister of the Russian Federation Mikhail Mishustin, where the participants discussed the status and prospects of long-term cooperation between Russia and Vietnam in the oil and gas industry in the presence of representatives of the Cabinet of Ministers, including the Russian Minister of Energy Nikolay Shulginov, Russian Minister of Industry and Trade Denis Manturov and Russian Minister of Economic Development Maxim Reshetnikov.

Sergey Kudryashov, the General Director of Zarubezhneft, also attended the meeting. Before the meeting Zarubezhneft JSC and Petrovietnam national oil and gas corporation signed a memorandum of understanding in areas of perspective development within the framework of the Vietsovpetro Joint Venture and the Rusvietpetro Joint Company in the presence of Deputy Chairman of the Government of the Russian Federation, Chairman of the Russian part of the Russian-Vietnamese intergovernmental commission, Dmitry Chernyshenko, and Vice Prime Minister of the Government of Vietnam Le Van Thanh.

This year marks 40-th anniversary of cooperation between two state-owned companies - Zarubezhneft and Petrovietnam - this is a unique date for such international projects in the oil and gas sector. The joint ventures Vietsovpetro and RUSVIETPETRO are the largest Russian-Vietnamese energy projects, demonstrating high efficiency, the results of which provide stable income to the budgets of Vietnam and Russia. Since their establishment the enterprises have provided contributions of over 40 billion US dollars to the budget of Vietnam and about 5 billion US dollars to the budget of Russia.

Over the past few years in Vietnam, the list of joint projects has been increased from two to eight (at the moment the joint projects of Zarubezhneft and Petrovietnam provide 42% of oil production and more than 20% of gas production in Vietnam). In the Russian Federation, "RUSVIETPETRO", the enterprise with participating interest structure mirrored to that of Vietsovpetro, produces more than 3 million tons of oil per year at 14 fields in the Far North.

Following the current trends in energy development, Zarubezhneft implements projects that can shape the future of Vietnam's energy sector with zero emissions. So, together with the world leader in offshore wind energy, the Belgian company DEME, came out with a proposal for a project to create an offshore wind farm with a capacity of 1000 MW in the province of Binh Thuan.

For its part, Zarubezhneft supports the desire of Vietnamese partners to expand their activities in the Russian Federation within the framework of the RUSVIETPETRO joint company in the Nenets Autonomous District.