Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Gazprom, Vietnam join forces

|
|
 
  
Published: Dec. 16, 2009 at 11:30 AM
Advertisement

MOSCOW, Dec. 16 (UPI) -- Russian gas monopoly Gazprom signed an agreement in Moscow to establish a joint venture in Vietnam to exploit offshore reserves and handle other developments.

Alexei Miller, the chairman of Gazprom, signed a strategic partnership agreement with Phung Dinh Thuc, the president and chief executive of Petrovietnam State Oil and Gas Corp.

The strategic agreement envisions "the possible engagement" in the Nagumanovskoye oil, gas and condensate field in Russia and exploration and development of resources in the Republic of Sakha, Eastern Siberia and the Far East, the Russian gas giant announced.

Gazprom said the agreement envisions "intensive cooperation" between the two energy companies in gas projects in Russia, Vietnam and other countries through Gazpromviet, a joint venture under development.

The Nagumanovskoye field in Russia's Orenburg Oblast was mentioned as the primary focus of the cooperative agreement.

The two corporate leaders also signed amendments to contracts for oil and gas contracts in offshore blocks in Vietnam.

Topics: Alexei Miller
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The making of the Oscars The Chicago Auto Show The Tibetan Moniam Festival in China
Additional Energy Resources Stories
1 of 21
President Obama Signs Smuggling Prevention Act at White House
View Caption
fark
Man breaks into woman's home, steals her panties and then sends her cellphone pictures of them
Dude looks like a lady
All fifth graders who want to go see "Red Tails" please step forward. Whoa not so fast there girls...
If we timewarped back by 2000 years, what job would you be most qualified to do? No, you can't bring...
BAD: getting caught in a landslide while hiking. WORSE: getting struck by lightning while trying...
Weepy eyes, hot chix, Jersey Shore Ronnie and a guy with mini fishing reels stuck in his beard....