Ambassador Dang Minh Khoi visits Rusvietpetro (Photo:

After the inspection, Ambassador Dang Minh Khoi highly appreciated the spirit and efforts of the leaders of Rusvietpetro, and praised the Vietnamese employees for their effective coordination with Russian friends despite difficult and harsh working conditions.

He expressed satisfaction with the joint venture's efforts in ensuring the spiritual life and working environment for its employees, affirming that Rusvietpetro is an important impetus for the comprehensive strategic partnership between Vietnam and Russia.

The Ambassador also had a working session with Yury Bezdudnuy, Governor of the Nenets autonomous region. During the working session, he expressed his hope that the Governor and officials of the region will continue to create the most favourable conditions for the Rusvietpetro joint venture.

Zarubezhneft and the Vietnam Oil and Gas Group (PetroVietnam) formed the Rusvietpetro joint venture in September 2008, with Petro Vietnam having a 49 percent stake. This is the most successful offshore investment project of PetroVietnam in the field of oil and gas exploration and production.

As of August 31, 2021, the joint venture had exploited 30.48 million tonnes of oil, and total profit transferred to Vietnam reached 1.263 billion USD.

In 2021, Rusvietpetro targets to exploit over 3 million tonnes of crude oil with an estimated revenue of over 1.3 billion USD and post-tax profit around 410 million USD./.