Russia: Gazprom, Petrovietnam Point High Level of Long-Term Partnership

Sochi hosted Thursday the third meeting of the Joint Coordinating Committee (JCC) as part of the Strategic Partnership Agreement between Gazprom and Petrovietnam State Oil and Gas Corporation.

The meeting was moderated by the JCC Chairmen – Alexander Ananenkov, Deputy Chairman of the Gazprom’s Management Committee and Nguyen Tien Dung, Vice President of Petrovietnam.

The meeting participants emphasized the high level of the long-term partnership and discussed the prospects for the companies’ cooperation in oil and gas sector. In particular, the parties appreciated the efforts of the Vietgazprom joint operating company in implementing the projects at the Vietnamese continental shelf.

The JCC members paid special attention to issues of the Gazpromviet joint venture development. In addition, the parties considered the possibility to expand the cooperation between Gazprom and Petrovietnam in Russia and third countries. The meeting participants highlighted their interest in developing a long-term cooperation, also within joint projects in Eastern Russia.

Also the meeting addressed new cooperation forms of education, professional training and exchange of experience between Gazprom and Petrovietnam experts.

Following the meeting results the parties expressed their contentment with the achieved results and discussed the action plan of the JCC and Joint Working Group of Gazprom and Petrovietnam for the period from 2012 to 2013, the experts of the companies received the appropriate tasks.

[mappress]
Source: Gazprom, August 26, 2011;