{{Short description|Vietnamese petroleum enterprise}} {{Use dmy dates|date=August 2020}} {{Infobox company | name = Joint Venture "Vietsovpetro" | logo = Logo of Vietsovpetro.png | caption = | trading_name = '''VIETSOVPETRO''' | native_name = Liên doanh Việt – Nga Vietsovpetro | native_name_lang = vi | former_name = Joint Soviet-Vietnamese Oil & Gas Enterprise {{small|«Vietsovpetro»}} | type = Joint venture | fate = | predecessor = | successor = | foundation = {{start date|1981}} | founder = | defunct = | location_city = Vung Tau | location_country = Vietnam | location = | locations = | area_served = | key_people = | industry = Petroleum industry | products = Crude oil, natural gas | production = 3.1 million tonnes of crude oil,<br /> 0.91 billion cubic metres of natural gas (2021)<ref name=vns12res>{{cite news|title=Vietsovpetro announce end of year results|url=https://tuoitrenews.vn/news/business/20211231/vietnamrussia-joint-venture-tops-2021-revenue-target-by-49-earning-168-billion/64999.html|access-date=15 August 2022|newspaper=Tuoi Tre News|date=31 December 2021}}</ref> | services = | revenue = Over US$1.68bn (2021)<ref name=vns12res/> | operating_income = | net_income = | aum = | assets = | equity = | owner = | num_employees = | parent = Petrovietnam (51%)<ref name="VietSov01">{{Cite news |url=http://www.vir.com.vn/vietsovpetro-success-story-to-get-a-new-chapter.html |archive-url=https://archive.today/20130118032215/http://en.baomoi.com/Home/economy/www.vir.com.vn/VietsovPetro-success-story-to-get-a-new-chapter/98565.epi |title=VietsovPetro success story to get a new chapter |work=Vietnam Investment Review |author=Hieu Anh |date=31 December 2010 |archive-date=18 January 2013 |access-date=30 September 2016 |url-status=live }}</ref><br/> Zarubezhneft (49%)<ref name=VietSov01/> | divisions = | subsid = | homepage = {{URL|www.vietsov.com.vn}} | footnotes = | intl = }}
The '''Russia-Vietnam Joint Venture – Vietsovpetro'''<ref>{{Cite web |title=Introduction - Joint Venture "Vietsovpetro" |url=https://www.vietsov.com.vn/Eng/Pages/Introduction.aspx |website=Vietsovpetro}}</ref> ('''VSP''';<ref>{{Cite web |title=Giới thiệu - Liên doanh Việt - Nga "Vietsovpetro" |url=https://www.vietsov.com.vn/Pages/GioiThieuCT.aspx |website=Vietsovpetro |language=vi}}</ref>{{Langx|vi|Liên doanh Việt – Nga Vietsovpetro|lit=Viet-Russo Joint venture ''Vietsovpetro''}},<ref>{{Cite web |title=О НАС - Совместное российско-вьетнамское предприятие "Вьетсовпетро" |url=https://www.vietsov.com.vn/rus/Pages/Introduction.aspx |website=Vietsovpetro |language=ru}}</ref>{{Langx|ru|Совместное российско-вьетнамское предприятие «Вьетсовпетро»|lit=Joint Russian-Vietnamese venture «Vietsovpetro»|translit=Sovmestnoye rossiysko-v'yetnamskoye predpriyatiye «V'yetsovpetro»}}) is a joint Russo-Vietnamese enterprise for oil and gas exploration headquartered in Vung Tau, Vietnam.<ref name="VietSov02">{{Cite web |url=http://www.nestro.ru/en/operations/upstream/vietnam/ |title=Vietnam |publisher=Zarubezhneft |access-date=30 September 2016 }}{{Dead link|date=January 2026 |bot=InternetArchiveBot }}</ref> According to the VNR500 (Top 500) ranking, Vietsovpetro was Vietnam's 8th largest company.<ref>{{cite news |title=Vietnam's top 500 firms in 2015 named |url=http://vietnamnews.vn/economy/279391/viet-nams-top-500-firms-named.html |newspaper=VietNam News |date=4 December 2015 |access-date=30 September 2016}}</ref><ref>{{cite web |title=TOP 500 doanh nghiệp lớn nhất Việt Nam |url=http://www.vnr500.com.vn/Charts/Index?chartId=1 |publisher=Vietnammonitor – Vietnam Report |access-date=30 September 2016 |language=vi}}</ref>
It was established in 1981 under an inter-governmental agreement between the JSC Zarubezhneft of the Soviet Union (later inherited by the Russian Federation) and Vietnam's state-owned Petrovietnam, with each side holding half of stake.<ref name="VietSov03">{{Cite news |url=http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8296794 |title=Russia, Vietnam extend VietsovPetro JV agreement |author=Dao Dang Toan |work= Platts |date=14 December 2010 |access-date=7 December 2011}}</ref>
On 10 December 2010, VietsovPetro agreed to extend its cooperation with JSC Zarubezhneft for 20 years until 2030. As per the new arrangement, PetroVietnam will hold a 51% stake in the joint venture with the Russian company holding 49%.<ref name=VietSov03/>
==See also== * List of oil exploration and production companies in Asia
==References== {{reflist}}
==External links== * {{official website}}
Category:Oil and gas companies of Vietnam Category:Energy companies established in 1981 Category:Non-renewable resource companies established in 1981 Category:Soviet Union–Vietnam relations Category:Vietnamese companies established in 1981 Category:Joint ventures