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Russia's Rosneft looks to Vietnam experience to help global expansion

Reuters  |  VUNG TAU, Vietnam 

By Olesya AstakhovaVUNG TAU, Vietnam (Reuters) - With sanctions barring Russia's largest oil producer from offshore extraction with Western companies, Rosneft is looking to its operations in Vietnam for the experience needed to expand its global reach.The Southeast Asian country is a traditional ally of Russia, and Kremlin-controlled Rosneft is part of a consortium with Petrovietnam and India's ONGC which last year produced almost 3 billion cubic metres (bcm) of gas.The consortium provides almost a tenth of Vietnam's electricity needs and last year also produced 65,000 tonnes of gas ...

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First Published: Tue, May 15 2018. 16:27 IST