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PetroVietnam visits Dagestan Republic, Azerbaijan

April 24, 2015

On 20 April 2015, Abdulatipov Ramazan Gadzimuradovich, President of Dagestan Republic, met with PetroVietnam (PVN) president & CEO Nguyen Quoc Khanh and the working group. At the meeting, Khanh confirmed that in addition to the active implementation of oil and gas projects in Russia, PVN expected to have oil and gas cooperation projects in Dagestan Republic .

On the same day, Khanh and Yusufov Lev Khanucovich, CEO of the State Oil Company of Dagestan Republic Dagestan, signed the Memorandum of Understanding, under which PetroVietnam and Dagestan’s State Oil Company would consider and evaluate the cooperation projects on oil and gas exploration, development and production in the territory of Dagestan.

Following the 20 April meetings, Khanh flew to Baku, Azerbaijan, where he and the working group met with Rovnag Abdullaev, president of SOCAR, and Khoshbakht Yusufzade, first vice president of SOCAR, on 22 April 2014.  At the meeting, the two leaders stressed the importance of the traditional relationship in the oil and gas sector between Vietnam and Azerbaijan in the past, reaffirmed the determination to strengthen and promote the development of oil and gas cooperation between PVN and SOCAR to new height in the near future.

SOCAR affirmed to facilitate PVN’s cooperation in the project for development of the Absheron field, Kaspi Sea, Azerbaijan Republic, other cooperation projects concerned by the two sides in Azerbaijan Republic, Vietnam and third countries. The two sides agreed to actively prepare the contents of projects/opportunities for bilateral cooperation in the oil and gas exploration and production, including provision of petroleum technical services, supply of materials, human resources for the oil and gas industry and that the Agreement would be signed in the coming official visit of the State President Truong Tan Sang to Azerbaijan Republic in May 2015.

Image from PetroVietnam



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