Deputy PM pledges support to Russian oil companies

10:09 | 23/09/2016 Industry

Deputy Prime Minister Trinh Dinh Dung has pledged all possible support to investors working in oil and gas, including Zarubezhneft and other Russian companies.

Deputy PM pledges support to Russian oil companies

Deputy PM Trinh Dinh Dung (center) at the working session - Photo: VGP

During a working session in Moscow on September 19 with Zarubezhneft—one of Russia’s largest oil companies and a long-standing strategic partner of Vietnam National Oil and Gas (PetroVietnam)—Dung hailed the wide-ranging co-operation between Zarubezhneft and PetroVietnam over the years, which is evidenced by the good performance of the Vietsovpetro and Rusvietpetro joint ventures.

He welcomed the signing of an inter-governmental agreement on continued cooperation within the Rusvietpetro framework, and a protocol on supplementing an inter-governmental agreement on continuing collaboration within the Vietsovpetro framework.

On September 18, Dung delivered a speech to the Vietnamese Entrepreneurs’ Forum in Russia themed “Prospect of Vietnam–Russia Cooperation in the context of the Vietnam–Eurasia Free Trade Agreement,” saying that the reduction of half of tariffs to zero percent and trade facilitation terms would create opportunities for Vietnam and other member states to promote trade, investment and services.

A key message that the Deputy PM sent to the Vietnamese community abroad and in Russia in particular was that it should form close partnerships with partners at home to generate a collective power, which, he said, was key to getting the most out of free trade agreements to which Vietnam is a signatory.

The government would be responsible for clearing away hindrances along the way, he pledged.

On September 17, the Deputy PM laid a floral tribute at the Ho Chi Minh memorial at a square named after the late Vietnamese leader in Moscow./.


Source: NDO/VNA