The Vietnam National Oil and Gas Group (PetroVietnam) has proposed cooperation with state-owned Oman Oil Company (OOC) in four main areas of the oil and gas industry.

The Vietnam National Oil and Gas Group (PetroVietnam) has proposed cooperation with state-owned Oman Oil Company (OOC) in four main areas of the oil and gas industry.
The suggested fields of oil and gas cooperation include building storage and distribution systems in Vietnam, supplying technical services, trading in products and establishing joint ventures to invest in a third country.
The proposal was made by PetroVietnam Board of Directors Chairman Dinh La Thang at a working session with visiting Oman National Economy Minister and Deputy Chairman of the Financial Affairs and Energy Resources Council, Ahmed Macki, in Hanoi on April 17.
The two parties will establish a joint working group and negotiate on the four proposed areas on April 18. Minister Ahmed Macki said he hoped PetroVietnam and OOC can cooperate in transportation and other industries in addition to oil and gas.
The current visit to Vietnam by Macki aims to discuss cooperation between PetroVietnam and OOC after both sides signed a memorandum of understanding (MoU) during Permanent Deputy Prime Minister Nguyen Sinh Hung’s recent visit to Oman.
Under the MoU, both sides will explore oil and gas in the two countries and a third country, and cooperate in other areas of mutual interest.