Vietnam seeks Bruneian energy investment

Vietnam is intent on encouraging oil exploiting powers like Brunei to invest in the nation’s energy projects.

Deputy Prime Minister Hoang Trung Hai made the above remark at a February 25 reception for a Brunei Energy Ministry delegation led by its Minister Pehin Yasmin.

Hai praised the cooperation between the Brunei delegation and the Vietnam National Oil and Gas Group (PVN) in realizing the agreements both sides had previously negotiated.

Vietnam is willing to collaborate with Bruneian businesses on projects including liquidized natural gas—both in Vietnam and third countries—as well as on the Dzung Quat refinery’s crude oil supply and export contracts.

The Bruneian Minister said his country is always keen to advance its productive ties with Vietnam in as many fields as possible.

He stressed the importance of increasing bilateral energy cooperation, arguing its opportunities are mutually beneficial and contribute to strengthening the two nations’ friendship and ASEAN relations more generally.

At the meeting with Yasmin the same day, President Sang applauded the results of a working session between the Brunei delegation and the Vietnam National Petroleum Group (PVN) to realize their cooperation agreements. He said the results will further strengthen the two countries’ economic ties.

He spoke highly of Brunei’s ASEAN Presidency and said that the two countries can intensify cooperation in the fields of agriculture, forestry and fishery.

Yasmin said that his visit to Vietnam aims to realise the signed agreements of the two countries’ leaders, especially in oil and gas cooperation.

Regarding the working session with the PVN, he affirmed that the two sides reached a consensus to upgrade their relationship.

By Le My

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