Reposted from Reuters
An offshore oil rig in Vung Tau, Vietnam
By Osamu Tsukimori
Vietnam’s state oil and gas group Petrovietnam plans to invite Japanese firms to join it in the joint development of about 20 oil and gas blocks in the South China Sea, the Nikkei business daily said on Wednesday.
Petrovietnam will hold a briefing session for Japanese firms in early July, the unsourced report said. Japanese firms will also be given a chance to invest in infrastructure projects, including oil refineries and coal-fired power plants, totalling $24.8 billion, it said. More…
Reposted from Vietnam Investment Review
Vietnam, Laos hydro-power co-operation
Vietnamese firms have expanded their foothold in neighboring Laos with a total investment of $3.45 billion in 212 projects, mainly in hydropower, mining, agriculture and forestry. More…
Reposted from The Wall Street Journal
By Rakesh Sharma
NEW DELHI – ONGC Videsh Ltd. Wednesday said it has signed a three-year pact with PetroVietnam for long-term cooperation in the oil and gas industry as it seeks to increase investments in Vietnam for exploration and production.
Both state-run companies will explore investments in the petroleum sector, exchange information on the oil and gas industry and expand exploration and production operations including refining, transportation and supply in Vietnam, India and other countries, ONGC Videsh said in a statement. More…