Vietsovpetro, headquartered in
Vung Tau,
Vietnam, is a joint Russian-
Vietnamese enterprise for
oil and gas exploration.
According to the VNR500 (Top 500) ranking, Vietsovpetro is Vietnam's 8th largest company.
It was established in 1981 under an inter-governmental agreement between the
JSC
JSC may refer to:
* Jane Street Capital, a global proprietary trading firm
* Johnson State College, one of the Vermont State Colleges, and located at Johnson, Vermont, United States
* Jeffree Star Cosmetics, an American cosmetics franchise
* Joi ...
Zarubezhneft of the
Soviet Union and
Vietnam's state-owned
Petrovietnam, with each side holding half of stake.
On 10 December 2010, VietsovPetro agreed to extend its cooperation with JSC Zarubezhneft for 20 years until 2030. As per the new arrangement, PetroVietnam will hold a 51% stake in the joint venture with the Russian company holding 49%.
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See also
* List of oil exploration and production companies in Asia
References
External links
* {{official website
Oil and gas companies of Vietnam
Energy companies established in 1981
Non-renewable resource companies established in 1981
Soviet Union–Vietnam relations
Vietnamese companies established in 1981
Joint ventures