SCIC, PetroVietnam boost comprehensive cooperation

The State Capital Investment Corp. (SCIC) and the Vietnam Oil and Gas Group (PetroVienam) signed an agreement on comprehensive cooperation in Hanoi on December 30.

Under the agreement, the two sides will jointly own at least 51 percent of investment capital in oil and gas projects.

SCIC will cooperate with PetroVietnam in exploring and exploiting oil and gas abroad. It will be responsible for seeking strategic partners and potential domestic and foreign financial institutions for the implementation of the projects.

The projects that the two sides will jointly implement include the Dung Quat, Nghi Son and Long Son Oil Refinery Plants and the Ca Mau Fertiliser Plant.

VNA

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