6/4/2015
HANOI--Russia's Gazprom on Monday signed a framework agreement with Vietnam Oil and Gas Group, or PetroVietnam, to buy a 49% stake in the latter's Dung Quat Oil Refinery.
HANOI--Russia's Gazprom on Monday signed a framework agreement with Vietnam Oil and Gas Group, or PetroVietnam, to buy a 49% stake in the latter's Dung Quat Oil Refinery.
The agreement was signed during a visit to Vietnam by Russian Prime Minister Dmitry Medvedev.
The 130,000-barrel-per-day Dung Quat refinery in the central province of Quang Ngai became operational in 2009. It meets one-third of Vietnam's demand for transport fuels.
Write to Vu Trong Khanh at trong-khanh.vu@wsj.com
(END) Dow Jones Newswires
April 06, 2015 02:05 ET (06:05 GMT)
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