MOSCOW (AFX) – Hanoi will reimburse Moscow for over US$230 million put into a joint venture to build Vietnam’s first-ever oil refinery, following Russia’s withdrawal from the project, Russian government sources said. Russian state-owned oil company Zarubezhneft and PetroVietnam formed the company Vietross in 1999 to build the refinery, but disputes and funding shortfalls had…
VIETNAM: Russia to “be refunded for aborted refinery project”
Posted on January 6, 2003 by EnergyAsia