Russia buys 49% stake in Vietnamese refinery
Gazprom Neft (ticker: GZPFY), the oil arm of Russian state-owned Gazprom (ticker: OGZPY), and Vietnam Oil and Gas Group (PetroVietnam) have signed a series of agreements to strengthen ties between the oil and gas industries in the two nations. As part of the agreement, Gazprom Neft will acquire a 49% stake in the Dung Quat refinery in Vietnam, according to the press release. The deal also includes steps towards broader cooperation in the energy sector by expanding oil and gas exploration and product...


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