Russia, Vietnam Mull Joint Oil Projects – Medvedev

HANOI, November 7 (RIA Novosti) – Russia and Vietnam are considering jointly developing offshore oil deposits in the South China Sea, Prime Minister Dmitry Medvedev said on Wednesday.

“We are discussing cooperation on the shelf both here, in the South China Sea, and the possibilities of cooperation in other regions, including Russia,” Medvedev said during his visit to Vietnam.

The Russian government has recently taken a decision to admit Vietnamese partners to a major hydrocarbon deposit in the Yamal-Nenets Autonomous Area in the Russia Far North, Medvedev said.

“This is a federal deposit and I can tell you frankly this decision was an exclusive one, considering our special relations with Vietnam,” Medvedev said.

The Russian government decided in July 2012 to grant the license to develop the Severo-Purovskoye gas condensate field to Gazpromviet, a joint venture between Russian energy giant Gazprom and Vietnam’s PetroVietnam.


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