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Vietsovpetro

Vietnamese petroleum enterprise

Field	Value
name	Joint Venture "Vietsovpetro"
logo	Logo of Vietsovpetro.png
trading_name	VIETSOVPETRO
native_name	Liên doanh Việt – Nga Vietsovpetro
native_name_lang	vi
former_name	Joint Soviet-Vietnamese Oil & Gas Enterprise «Vietsovpetro»
type	Joint venture
foundation
location_city	Vung Tau
location_country	Vietnam
industry	Petroleum industry
products	Crude oil, natural gas
production	3.1 million tonnes of crude oil,
0.91 billion cubic metres of natural gas (2021)
revenue	Over US$1.68bn (2021)
parent	Petrovietnam (51%)
Zarubezhneft (49%)
homepage

0.91 billion cubic metres of natural gas (2021) Zarubezhneft (49%)

The Russia-Vietnam Joint Venture – Vietsovpetro (VSP;,) is a joint Russo-Vietnamese enterprise for oil and gas exploration headquartered in Vung Tau, Vietnam. According to the VNR500 (Top 500) ranking, Vietsovpetro was Vietnam's 8th largest company.

It was established in 1981 under an inter-governmental agreement between the JSC Zarubezhneft of the Soviet Union (later inherited by the Russian Federation) 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%.

References

(31 December 2021). "Vietsovpetro announce end of year results". Tuoi Tre News.
Hieu Anh. (31 December 2010). "VietsovPetro success story to get a new chapter". Vietnam Investment Review.
"Introduction - Joint Venture "Vietsovpetro"".
"Giới thiệu - Liên doanh Việt - Nga "Vietsovpetro"".
"О НАС - Совместное российско-вьетнамское предприятие "Вьетсовпетро"".
(January 2026). "Vietnam". [[Zarubezhneft]].
(4 December 2015). "Vietnam's top 500 firms in 2015 named". VietNam News.
"TOP 500 doanh nghiệp lớn nhất Việt Nam". Vietnammonitor – Vietnam Report.
Dao Dang Toan. (14 December 2010). "Russia, Vietnam extend VietsovPetro JV agreement". [[Platts]].

Info: Wikipedia Source

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