Agreements on oil and space signed between Russia and Vietnam during President Dmitry Medvedev's ongoing visit to Hanoi mean closer cooperation between the two counties.
Vladimir Popovkin, head of the Federal Space Agency, and Nguyen Tan Dung, science and technology minister of Vietnam, signed an intergovernmental agreement on space cooperation on Tuesday in the areas of research and use of outer space for peaceful purposes, Russia's space agency said in a statement.
"This will give an impulse to cooperate in the areas of remote sensing, satellite navigations and communications, space medical science and biology," the statement said.
A separate agreement has been reached to create favorable conditions for investment and development of natural resources off continental shelves, Investkafe said Wednesday.
According to the analytical agency, Russia will give Vietnamese oil and gas companies access to Russian offshore fields, while Vietnam will invest in joint projects.
One such successful joint venture — Gazpromviet — already exists between PetroVietnam and Gazprom. Gazpromviet has recently received a license to develop the Severo-Purovskoye gas field on the Yamal Peninsula.
In the long run, the agreement would allow both countries to increase their production of hydrocarbons, bringing Russia's oil and gas companies to Vietnam and closer to Asia-Pacific markets.
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
