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The President signed the Federal Law Ratifying the Protocol Amending the April 20, 2016, Agreement between the Government of the Russian Federation and the Government of the Socialist Republic of Vietnam on Continued Cooperation in Geological Exploration, Oil and Gas Extraction in the Russian Federation as part of RUSVIETPETRO Joint Company.
The protocol was signed on October 12, 2023, in Moscow.
It aims to promote long-term cooperation between the two countries in the oil and gas sector by maintaining the traditional friendly ties between the Russian Federation and the Socialist Republic of Vietnam.
The protocol provides for offering RUSVIETPETRO government incentives in the Russian Federation for developing deposits previously viewed as unprofitable.
December 19, 2023