Viet Nam, Laos ink deal on oil exploration

Viet Nam, Laos ink deal on oil exploration

08/01/2008 -- 8:07 PM

Vientiane (VNA) – Viet Nam and Laos have signed a contract on oil exploration in Lao southern provinces of Champasak and Salavan.

Vietnamese Permanent Deputy Prime Minister Nguyen Sinh Hung and his Lao counterpart Somsavad Lengsavat witnessed the signing ceremony held in Vientiane on January 8.

The PetroVietnam Oil Exploration and Production Corporation (PVEP) will be responsible for the exploration work, which covers 14,140sq.km of the two provinces.

PetroVietnam’s Chairman of Management Board Dinh La Thang pledged to cooperate closely with Lao relevant agencies and authorities to successfully implement the contract.-Enditem
(Agency)