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Joint Venture
Industry Oil and gas industry
Founded 1981 (1981)
Products crude oil, natural gas
Production output
6.11 million tonnes of oil,
1.23 billion cubic metres of gas (2012)[1]
Revenue over US$ 5bn (2012)[1]
Parent Petrovietnam (51%)[2]
Zarubezhneft (49%)[2]

Vietsovpetro, headquartered in Vung Tau, Vietnam, is a joint Russian-Vietnamese enterprise for oil and gas exploration.[3] According to the VNR500 (Top 500) ranking, Vietsovpetro is Vietnam's 5th largest company.[4] [5]

It was established in 1981 under an inter-governmental agreement between the JSC Zarubezhneft of the Soviet Union and Vietnam's state-owned PetroVietnam, with each side holding half of stake.[6]

On December 10, 2010, VietsovPetro agreed to extend its cooperation with JSC Zarubezhneft for 20 years until 2030. As per the new arrangement, PetroVietnam will hold a 51% stake in the joint venture with the Russian company holding 49%.[6]

See also[edit]


  1. ^ a b "Vietsovpetro announce end of year results". Viet Nam News. 20 December 2012. Retrieved 25 December 2012. 
  2. ^ a b Anh, Hieu (2010-12-31). "VietsovPetro success story to get a new chapter". Vietnam Investment Review. Retrieved 2011-12-07. 
  3. ^ "JV VietsovPetro". Zarubezhneft. Retrieved 2011-12-07. 
  4. ^ "Công bố bảng xếp hạng VNR500 năm 2012". VEF - Vietnamnet. 11 December 2012. Retrieved 11 December 2012. 
  5. ^ "VNR500-TOP 500 DOANH NGHIỆP LỚN NHẤT VIỆT NAM". Vietnammonitor - Vietnam Report. Retrieved 11 December 2012. 
  6. ^ a b Dao Dang Toan (2010-12-14). "Russia, Vietnam extend VietsovPetro JV agreement". Platts. Retrieved 2011-12-07. 


External links[edit]