Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>   Energy  >>   PetroVietnam signs oil deal
NEWS UPDATES Asean Affairs                        30  August 2011

PetroVietnam signs oil deal

Related Stories

July 16, 2011
Vietnam imports coal

June 16, 2011

Vietnam imports first Indonesian coal

May 31, 2011

Fuel imports to Vietnam increase


PetroVietnam Exploration Production Corporation (PVEP) and partners, PTT Exploration and Production Pcl (PTTEP) of Thailand and Japan Gasoline Corporation on Sunday signed a US$451.3 million contract with Algerian state-owned oil firm Sonatrach.

PVEP and its partners have been commissioned to build an oil treatment centre, capable of treating 20,000 barrels a day; a gas transportation plant, capable of carrying 1 million cubic metres per day; two oil pipelines, an electricity generating plant and a water separation unit.

The facilities will be based at the Bir Seba mine in southern Algeria and will take 31 months to build.

Oil output is expected to reach 20,000 barrels a day by 2014 and 36,000-40,000 barrels in 2016. Under the deal, Sonatrach will receive 51 percent of the income of the oil produced.

PetroVietnam will be covering 40 percent of the cost of the project.

Meanwhile, Russian-Vietnamese oil and gas joint venture Vietsovpetro announced last Saturday it had successfully launched the 11,000-tonne Moc Tinh drilling platform – the biggest to have been made in Vietnam.


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




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

Today's  Stories    30  August  2011 Subsribe Now !
• Malaysia FDI surges Subcribe: Asean Affairs Global Magazine
• Hardline terrorist defiant in Philippines Asean Affairs Premium
• Singapore Muslims warned of “dark clouds”
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Finance minister vows competition
• Thai wages fall behind inflation
• Vietnamese banks raise reserves
• PetroVietnam signs oil deal

Asean Analysis    30  August  2011

Advertise Your Brand
• Casino issue surfaces again in Thailand Sponsor Our Events

Asean Stock Watch   30  August  2011

• Asean Stock Watch-August 30 p

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


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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand