The agreements were inked by Vietnamese Minister of Industry and Trade Nguyễn Hồng Diên and Russian Energy Minister Nikolai Shulginov on the sidelines of the 6th "Russian Energy Week" International Forum in Moscow on October 12-13.
In 1988, Vietsovpetro pumped up the first tonnes of crude oil from the basement on the continental shelf in Bach Ho field, which was a milestone for the development of Viet Nam’s oil and gas sector.