PM Nguyen Tan Dung receives Zarubezneft General Director Sergey Kudryashov in Hanoi on September 25.
During a reception in Hanoi on September 25 for Zarubezneft General Director Sergey Kudryashov, the PM expressed support for the two companies’ proposal to expand oil and gas survey and exploration in the two countries’ new blocks, adding that he has requested accelerating negotiations to promptly sign an inter-governmental agreement on oil and gas production joint-venture.
He also thanked President Vladimir Putin and Prime Minister Dmitry Medvedev for their support of oil and gas collaboration between Vietnam and Russia, including offering tax incentives for Rusvietpetro’s operation in several blocks in the Nhenhexky autonomous region.Underlining the effective co-ordination between Zarubezneft and PetroVietnam with their successful joint-ventures Vietsopetro and Rusvietpetro, Kudryashov affirmed that Zarubezneft is keen on a strategic and long-term co-operation with PetroVietnam.
He also wished the two countries would sign an inter-governmental agreement on oil and gas survey and exploration as early as possible.
According to Kudryashov, Rusvietpetro has launched a successful oil and gas project in northern Russia’s Nhenhexky autonomous zone.
Since September 2010, Rusvietpetro has pumped 8.78 million tonnes of oil, raking in close to US$4.6 billion in revenue and US$1 billion in after-tax profit. It plans to put two more oil fields into operation and double its total capacity.
The Russian government is also ready to provide US$1.2 billion in natural resource tax waivers and reductions for Rusvietpetro, he stated.
