Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Energy  >> PetroVietnam secures oil deal with Russia's Rosneft
NEW UPDATES Asean Affairs   29 May 2014  

PetroVietnam secures oil deal with Russia's Rosneft

 Russian firm Rosneft will provide six million tonnes of oil annually via the Kozmino terminal during the 2014-39 period for the Dung Quat Oil Refinery in Viet Nam.

The Kozimo terminal is an oil pipeline extending from Eastern Siberia to the Pacific Ocean.

According to a Rosneft press release on May 24, the major terms for the long-term oil supplies to the refinery, after the accomplishment of the final stage of its modernisation, were finalised in an agreement signed by its president-cum-chairman of the management board Igor Sechin and the Vietnam Oil and Gas Group (PetroVietnam) President Nguyen Xuan Son at the Saint Petersburg International Economic Forum. The signing ceremony was led by Russian President Vladimir Putin.

"PetroVietnam is one of the main Rosneft partners among the Asia-Oceania countries. Long-term contracts for oil supplies are a crucial phase in the development of cooperation between the two companies," said Sechin.

Rosneft is the leader in Russia's petroleum industry and the world's largest publicly traded petroleum company.

The firm operates in different fields, including hydrocarbon exploration and production, upstream offshore projects, hydrocarbon refining, and crude oil, gas and product marketing in Russia and abroad.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            May 29, 2014 Subsribe Now !
• Manheim opens a new branch, expanding into Thailand’s northern market and serving AEC customers Subcribe: Asean Affairs Global Magazine
• Najib arrives in China for 40th anniversary of diplomatic ties
• PHL March imports rise 9.6% as economy stirs
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Agricultural exports see value growth
• PetroVietnam secures oil deal with Russia's Rosneft
Asean Analysis                    May 28, 2014

• Asean Analysis May 28, 2014
Hosting the World Economic Forum: Is the Philippines the next tiger economy?
Advertise Your Brand

Asean Stock Watch    May 28, 2014
• Asean Stock Watch-May 28, 2014
The Biweekly Update
• The Biweekly Update  May 16, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand