Volume 3, issue #14 - 08-05-1998

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Russia to build refinery in Vietnam

Mar. 27, 1998 Russia and Vietnam will sign in early April an agreement on building an oil refinery in Vietnam, the first in the republic, deputy director of Russia's foreign trade association Zarubezhneft Yevgeny Areshev told.
The agreement is due to be signed between Petrovietnam and Russia's Zarubezhneft, an oil exporter and contractor engaged in building facilities abroad.
Areshev led a delegation of Zarubezhneft officials which went to Hanoi to initial this document.
Joint construction of an oil refinery was discussed by the Russian and Vietnamese premiers during former Prime Minister Viktor Chernomyrdin's visit to Vietnam in November 1997.