Cooperation between Russia and Vietnam in Oil and Gaz Industry

The article deals with the problems and prospects of Russian-Vietnamese strategic partnership in the oil and gas industry as an example a 30-year practice of «Vietsovpetro». Exploration and production of oil and gas remains to be the most important part of economic and trade relations between two countries. Signed agreement extends the activities of «Vietsovpetro» until 2030, and projects of Russian companies Lukoil, Gazprom and TNK-BP suggests that Russia has managed to interest the Vietnamese side to continue the mutually beneficial cooperation. However, current international realities require the ongoing development of promising new projects, including investment.

Vietnam, Russia, economic cooperation, oil, gas