World oil giants plan expansion for Vietnam

Global oil and gas giants are planning investment and business expansion in Vietnam, said economists, adding the oil sector would be the nation’s busiest at the threshold of WTO entrance.

Besides a number of exploitation and production contracts signed between the state-run PetroVietnam and its foreign counterparts to date, two of the world’s largest oil and gas groups, British BP and US-based ConocoPhillips have revealed plans to expand operations in Vietnam.
Thanh Nien