Vietnam and Russia reach agreement on oil supplies
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Representatives from Petro Vietnam Oil Corporation and Russian Rosneft signed contract
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(VOVworld) - Petro Vietnam Oil Corporation and Russian Rosneft reached an agreement on Russia’s supply of 96 million tons of oil to Vietnam by 2040. This has been Russia’s largest contract to expand its market in Asia Pacific.
Rosneft CEO Igor Sechin said the contract has made his company the largest supplier of oil in Vietnam while help stabilizing world energy market.