Russia's Rosneft to sell 96 MMt crude oil to Petrovietnam
9/26/2016 6:16:18 AM
Photo courtesy of PV Oil
(Reuters) Russia's Rosneft has signed a contract to supply 96 MMt of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam, starting next year, PetroVietnam said on Friday.
The contract, signed on the sidelines of an international economic forum in Russia's St Petersburg, will last between 2017 and 2040, the state oil group said in a statement.
The volume to be supplied by the Russian firm is equivalent to nearly six years of Vietnam's crude oil production, which totalled 16.7 MMt in 2015, based on Vietnam's government data.
PV Oil supplies crude to several refineries in Vietnam.
Reporting by Ho Binh Minh; Editing by Martin Petty
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