PetroVietnam eyes investment in Nicaragua

The Vietnam National Oil and Gas Group (PetroVietnam) said it has signed an overall oil and gas cooperation agreement and a deal with Petroleum of Nicaragua, or Petronic, to jointly assess some oil fields located offshore Nicaragua.

Once reserves are discovered, the two companies will negotiate and sign oil production contracts, PetroVietnam said.

The inked agreement is an important foundation for the two sides to step up bilateral cooperation in energy, particularly in oil and gas, and other related services, the group added.

PetroVietnam has pursued a strategy to explore investment opportunities in America, where it already signed a number of oil and gas contracts with its partners from Cuba, Venezuela and Peru./.

Vietnamplus

>   Noi Bai - Lao Cai highway project launches (25/03/2009)

>   PM urges acceleration of paper industry (25/03/2009)

>   First int’l energy fair to be held in Hanoi (25/03/2009)

>   ADB funds mountainous infrastructure project (25/03/2009)

>   How high car prices should be after April 1? (25/03/2009)

>   CPI sees slight fall in March (25/03/2009)

>   Central hub licences biggest commercial comple (24/03/2009)

>   FDI flow slows down in southern hub (24/03/2009)

>   MARD denies monopoly in animal feed pricing (24/03/2009)

>   VinaPhone announces new promotions (24/03/2009)