Petrovietnam Bags Junin Block

摘要

Petrovietnam said it has inked an agree- ment with Petroleos de Venezuela (PDV) to produce and upgrade heavy oil from the Junin-2 Block in the Orinoco Basin (IOD Jun.14,p2). Petrovietnam said the pact was inked Thursday during a visit to Caracas by Vietnamese Deputy Prime Minister Hoang Trung Hai. Petrovietnam will take a 40% stake in the block while PDV will have 60%.