Gazprom Expands in Vietnam After Gaining Two Offshore Blocks
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OAO Gazprom, the world’s biggest natural-gas producer, plans to develop two blocks with Vietnam Oil & Gas Group off the coast of the Asian nation.
Gazprom will take 49 percent of the project with PetroVietnam, as the state-owned company is known, to develop the 05.2 and 05.3 blocks, the Russian gas producer said today in an e-mailed statement. The partners will work under a production-sharing agreement, Gazprom said.