A meeting took place in Hanoi on Sept. 8, to consider proposals by the Vietnam Oil and Gas Group (PVN) and its Russian partner OAO Zarubezhneft on conditions, form and the roadmap of a new cooperation based on Vietsovpetro joint venture after 2010.

The Vietnamese delegation attending the third session of the Vietnam-Russia Intergovernmental Committee for Oil and Gas was led by Deputy Minister of Industry and Trade Do Huu Hao while his counterpart V.V. Salamatov headed the Russian team.

The two sides affirmed that Vietsovpetro has made important achievements which contributed a lot to the development of the Vietnam oil and gas industry and the two countries’ economy.

The committee plans to ask the two governments to examine a possible Vietnam-Russia agreement on VSP-based cooperation on geological survey and oil and gas exploitation.