PetroVietnam will reimburse Russian state-owned oil company Zarubezhneft after the company withdrew from the project to build Vietnam's first oil refinery.
The two companies formed a joint venture in 1999 to build the Dung Quat refinery, near Danang, but disputes and funding shortfalls have plagued the project.
Russian government sources said Hanoi would reimburse Moscow for more than US$230 million the Russian side invested.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
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This industry-wide report aims to understand current cost levels across the energy industry
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