Investigators release Gogol-Center artistic director after questioningSociety & Culture May 24, 2:32
London may be among contenders for 2018 FIDE chess world championship — FIDESport May 24, 2:29
Putin begins talks with visiting Philippine leaderRussian Politics & Diplomacy May 24, 0:15
Mechanism of alerting on cyberattacks practically never used by US — spokespersonWorld May 23, 22:19
Putin praises work of Independent Public Anti-Doping CommissionSport May 23, 20:38
Russia needs expanding representation in global sports federations — ministerSport May 23, 20:21
Russian athletes must be trained for Olympics under certain geographic conditions — PutinSport May 23, 19:38
Final charges brought against Russian ex-economy minister UlyukayevBusiness & Economy May 23, 18:59
WADA delegation to visit Moscow this week to help with membership reinstatementSport May 23, 18:48
MOSCOW, May 16. /TASS/. Russian state-owned oil company Rosneft and the Vietnamese oil and gas corporation PetroVietnam have signed an agreement on cooperation.
The document was signed by Rosneft CEO Igor Sechin and PetroVietnam President & CEO Nguyen Quoc Khanh in the presence of Russian Prime Minister Dmitry Medvedev and his Vietnamese counterpart Nguyen Xuan Phuc.
Following the talks between the two prime ministers the parties also signed a production sharing agreement (PSA) between PetroVietnam and Vietsovpetro (a joint venture between Russia’s Zarubezhneft (49%) and PetroVietnam (51%)), PetroVietnam Exploration Production Corporation (PVEP), Bitexco Corporation and Sovico on development of block 16-1/15 on the coastal shelf of Vietnam.
According to Zarubezhneft, Vietsovpetro will take over the functions of the operator and its share will be 51%. The share of PVEP will be 29%, Bitexco and Sovico will have 10% each.
The PSA has been signed for 30 years.
The project is implemented in two stages. The first stage which lasts for first three years includes seismic exploration on the area of ··1500 sq. km and drilling of two exploration wells.
The second stage, will last two years and includes selective explorations and drilling of one appraisal well. The minimum investment in the project will amount to about $50 mln.