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2015-04-09 19:00:00

GAZPROM BUYS 49%

GAZPROM BUYS 49%

Russia's JSC Gazprom Neft has entered an agreement with Vietnam National Oil & Gas Group (PetroVietnam) to purchase a 49% interest in the 6.5 million-tonne/year Dung Quat refinery.

The agreement, signed on Apr. 6, grants Gazprom Neft exclusive rights to negotiate its acquisition of PetroVietnam's shares in the refinery, which is owned and operated by PetroVietnam subsidiary Binh Son Refining & Petrochemical Co. Ltd. (BSR), Gazrpom Neft said.

This latest contract follows previous agreements between Gazprom Neft and PetroVietnam to increase collaboration on joint oil and gas ventures as part of a strategic partnership…

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Tags: RUSSIA, GAZPROM, PETROVIETNAM, OIL, GAS
Chronicle:
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