PVN invests over US$1.8 billion abroad
(VOV) - The Vietnam Oil and Gas Group (PetroVietnam - PVN) claimed to have invested US$1,814 million in oil and gas exploitation, petrol trading and mineral exploration abroad.
PVN Chairman of the Board of Members Phung Dinh Thuc said that joint ventures on oil and gas mining in Venezuela and Russia already got off the ground, producing 2.22 million tonnes and earning over US$2 billion. PVN has sent back to Vietnam more than US$242 million, he said.
Thuc revealed that the initial success in exploiting oil and gas in Venezuela has marked a turning point in PVN’s overseas operation.
Vietnam-Venezuela oil and gas JV begins production