Gazprom Neft has signed an agreement which will see the company purchase a 49% stake in PetroVietnam.
A deal was signed with the state oil and gas group’s chief executive Nguyen Xuan during a visit by Russian Prime Minister Dmitry Medvedev to the Vietnam.
PetroVietnam is the operator of the Dung Quat refinery, which is the country’s sole oil processing facility.