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Prime Minister visits and works with Gazprom and Zarubezhneft

12/07/2016

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Prime Minister visits and works with Gazprom and Zarubezhneft

On 17th May, in the framework of the working visit to Russia, Prime Minister Nguyen Xuan Phuc and Vietnam senior delegation visited the two largest oil and gas groups in Russia, i.e. Gazprom and Zarubezhneft.

Petrovietnam working group led by Chairman Nguyen Quoc Khanh has accompanied the Prime Minister.

For over 30 years, Zarubezhneft and Gazprom have been the two biggest partners of the oil and gas industry of Vietnam. They are not only partners but also close and trusted friends. Therefore, the meetings of the senior leaders of Vietnam and Petrovietnam have always been warm and close.

At Zarubezhneft, CEO Sergey Ivanovich, the company leaders and nearly 200 employees warmly welcomed Prime Minister Nguyen Xuan Phuc and high-level delegation of Vietnam. Zarubezhneft is the most famous Russian oil company in Vietnam and the oldest strategic partner of Petrovietnam during the past 35 years.

Zarubezhneft – the name means “foreign oil” – formerly Overseas Economic Union of Russian Federation, was  established in 1967 by the Government of the USSR (former) to implement overseas oil and gas projects of the USSR (former). The company has carried out projects in Algeria, India, Iraq, Libya, Syria and pro-Soviet countries.

In 2004, Russian President Vladimir Putin signed Decree No. 137 to transform Zarubezhneft into Joint Stock Company wholly owned by the federal government.

In the same year, according to the Decision dated 10th April 2004 of President Putin, Zarubezhneft was included in the list of enterprises with strategic importance of the Russian Federation.

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