VIETSOVPETRO VIETNAM - RUSSIAN JOINT VENTURE - CONTRACT FOR SHARE OIL AND GAS PRODUCTS 12/11

Company Type: Producer / Upstream Oil and Gas Operator. While not a traditional factory, it is involved in the extraction and initial processing of raw materials (oil and gas) from their natural state. It is not primarily a trading company.

Company Introduction:

Vietsovpetro is a prominent Vietnam-Russian Joint Venture established to conduct exploration, development, and production of oil and gas on the continental shelf of Vietnam. The company operates under a contract for sharing oil and gas products, exemplified by agreements such as the "Contract for Share Oil and Gas Products 12/11." This joint venture is a cornerstone of Vietnam's energy sector, responsible for a significant portion of the country's crude oil output. Its activities encompass geological surveys, drilling, construction of offshore platforms, and the extraction and initial processing of hydrocarbons. Vietsovpetro plays a vital role in ensuring Vietnam's energy security and economic development, leveraging expertise from both Vietnamese and Russian partners in the challenging offshore environment.

VIETSOVPETRO VIETNAM - RUSSIAN JOINT VENTURE - CONTRACT FOR SHARE OIL AND GAS PRODUCTS 12/11 produces or sells the following products:

Crude Oil

Natural Gas

Condensate

Liquefied Petroleum Gas (LPG)