Vietnam and Russia have signed a Memorandum of Understanding (MoU) on the possibility of co-operating in joint seismic research at Lots 125 and 126 in the Phu Khanh basin on Vietnam’s continental shelf.

The MoU was inked by General Director of the Vietnam National Oil and Gas Group (PetroVietnam) Do Van Hau and General Director of Russia’s Zarubezhneft Oil Company Alexander Kudasov in Moscow on June 16 on the sidelines of the 21st World Petroleum Conference.

The June 15-19 conference is drawing the participation of about 4,000 delegates, including 30 ministers and 400 CEOs and heads of industrial organisations from 80 countries.

The Vietnamese delegation is led by Minister of Industry and Trade Vu Huy Hoang.

Following the signing ceremony, the Vietnamese officials had a working session with Zarubezhneft Company General Director Alexander Kudasov, and visited the PetroVietnam pavilion at the 21st World Oil Exhibition.

Source: Nhan Dan Online