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Joint venture
IndustryPetroleum industry
Founded1981 (1981)
ProductsCrude oil, natural gas
Production output
6.11 million tonnes of oil,
1.23 billion cubic metres of gas (2012)[1]
RevenueOver US$ 5bn (2012)[1]
ParentPetrovietnam (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 8th 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". VietNam News. 20 December 2012. Retrieved 25 December 2012.
  2. ^ a b Hieu Anh (31 December 2010). "VietsovPetro success story to get a new chapter". Vietnam Investment Review. Archived from the original on 18 January 2013. Retrieved 30 September 2016.
  3. ^ "Vietnam". Zarubezhneft. Retrieved 30 September 2016.
  4. ^ "Vietnam's top 500 firms in 2015 named". VietNam News. 4 December 2015. Retrieved 30 September 2016.
  5. ^ "TOP 500 doanh nghiệp lớn nhất Việt Nam" (in Vietnamese). Vietnammonitor - Vietnam Report. Retrieved 30 September 2016.
  6. ^ a b Dao Dang Toan (14 December 2010). "Russia, Vietnam extend VietsovPetro JV agreement". Platts. Retrieved 7 December 2011.

External links[edit]