PetroVietnam increases cooperation with Africa

Following the cooperation agreement with Mozambique, the Vietnam National Oil and Gas Group (PetroVietnam) has struck important deals to boost oil and gas cooperation with the two African countries of Sudan and Angola.

PetroVietnam signed a cooperation agreement with the Sudan Petroleum Corporation (Sudapet) to explore oil and gas in Sudan, Vietnam and a third country. Both sides agreed to discuss the detail in January 2010.
The Group will also ink an agreement with the Angola Petroleum Corporation (Sonnagol) in December 2009 to expand investment in exploring oil and gas in both countries and a third nation. This will pave the way for strengthening oil and gas cooperation between Vietnam and Angola during a working visit to Vietnam by the Sonnagol General Director in February 2010.
With a reserve of 9 billion barrels of oil and gas and an output of 1.9 million barrels/day, Angola is the third largest oil exporter in Africa, after Nigeria and Libya.
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