VN, Uzbekistan foster petroleum cooperation
VGP - The PetroVietnam Exploration Production Company (PVEP) under the Việt Nam National Oil and Gas Group (PetroVietnam) and Uzbekneftegaz, state-owned holding company of Uzbekistan's oil and gas industry, have signed a contract on exploring oil and gas in Uschiurt, Uzbekistan.
Under the 3-year contract, PetroVietnam will invest some US $30 million
in the project.
Illustration
photo
PVEP is planning to establish a representative office in
Mr. Nguyễn Vũ Trường Sơn, PVEP General Director, said the contract has
laid foundation for investment activities of PetroVietnam in Uzbekistan. It
also marks an important progress in the close traditional relations between
Việt
So far, PetroVietnam has signed 22 contracts on exploring and exploiting
oil and gas in 15 nations.