Vietsovpetrol

Update news Vietsovpetrol

BUSINESS IN BRIEF 12/12

Vietsovpetrol revenue forecast to reach US$4.34 billion;  Weak competitiveness puts Vietnamese businesses in challenges from AEC; Vinalines raises VND315 billion from share auction; Google to meet local app developers

Vietsovpetro discovers new oil well offshore Vietnam

 The Vietnam-Russia Oil and Gas Joint Venture Enterprise (Vietsovpetro) has announced it discovered oil from Oligocene sediments at Sturgeon well of Lot 09-3/12 off Vietnam’s continental shelf.