Oil and gas exploitation

Nga Lukoil Petroleum Company is entitled to exploration of oil exploitation in Egypt. Photo: Shutterstock

BRICS members for the giant Russian oil company

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Egypt, BRICS member, has granted Russian oil company Lukoil to explore and develop an important area to produce oil.

Leaders of PVEP and Vietsovpetro signed the FOA agreement for Block 09-2/10. Photo: PVN.

PVEP and Vietsovpetro signed FOA agreement for Block 09-2/10

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On December 12, PVEP and Vietsovpetro Joint Venture signed an agreement to transfer participation rights and operation rights (FOA) of Block 09-2/10.