#DauMo #Zarubezhneft #Petrovietnam #Vietsovpetro #Rusvietpetro #NangLuong #DauKhi #KinhTe #CongNgheDauKhi
A Vietnamese enterprise invests abroad with a capital of about 13,800 billion VND but earns nearly 36,000 billion VND in profit. Is this one of the most successful deals in the history of Vietnam's oil and gas industry?
Vietnam's oil and gas industry has just recorded another clear demonstration of the effectiveness of international cooperation when the joint venture between Petrovietnam and Russian oil and gas corporation Zarubezhneft continues to bring in huge profits. From oil fields located in the harsh ice of the Russian Arctic to drilling rigs in the middle of the Vietnamese sea, the two sides have built a cooperation model that is considered a model in the energy industry.
Who Is Zarubezhneft
Zarubezhneft was established in 1967 and is currently a 100% Russian state-owned oil and gas enterprise. After nearly 60 years of development, this group has expanded its operations to many countries such as Vietnam, Cuba, Egypt, Indonesia, Uzbekistan and Bosnia & Herzegovina.
In Vietnam, Zarubezhneft is most famous for its role as a mapmakerHe founded the Vietnam - Russia Joint Venture Vietsovpetro, which has contributed to the history of Vietnam's oil and gas industry since the 1980s.
Rusvietpetro And Miracles In The Russian Arctic
In 2008, Petrovietnam and Zarubezhneft established Rusvietpetro.
Ownership structure
Shareholders Ratio
Zarubezhneft 51%
Petrovietnam 49%
The joint venture is assigned to exploit oil fields in the Nhenhesky area in the Russian Arctic.
Mining conditions are extremely harsh
Value Indicator
Lowest temperature -50°C
Oil and gas lot number 4
Technically recovered reserves are 104 million tons
Peak output: More than 3 million tons of oil/year
It is worth noting that the project has an initial investment capital of only about 533 million USD, equivalent to about 13,800 billion VND.
After many years of operation, the Vietnamese side has received nearly 1.4 billion USD in profits, equivalent to about 36,000 billion VND.
The total profit that Rusvietpetro brought to both sides exceeded 3 billion USD, equivalent to more than 77,000 billion VND.
Money Flow From Russia Continues to Flow to Vietnam
According to Petrovietnam's 2025 financial report, Rusvietpetro continues to be "the goose that lays golden eggs".
Year Dividends and profits distributed
2024 5,111 billion VND
2025 5,599 billion VND
The growth rate reached about 9.5%, showing that the project still maintains efficiency despite the decline in the oil and gas marketDemand continuously fluctuates.
Vietsovpetro And The Symbol Of Vietnam Oil And Gas
If Rusvietpetro is successful abroad, then Vietsovpetro is the symbol of Vietnam's oil and gas industry.
On June 4, 2026, Vietsovpetro officially reached the milestone of exploiting 255 million tons of oil from Block 09-1.
This journey began on June 26, 1986 when the first commercial oil flow was exploited from Bach Ho field.
Outstanding numbers in 2025
Value Indicator
PVN oil profit recorded 3,671 billion VND
Purchase value of goods and services 43,458 billion VND
Cumulative oil output 255 million tons
This is one of the energy projects with the largest contributions to the national budget and energy security in decades.
More than 40,000 Billion VND Profit in 5 Years
Summary of Petrovietnam's two largest joint ventures shows remarkable effectiveness.
Source of profit Value
Rusvietpetro Tens of trillions of VND
Vietsovpetro Tens of trillions of VND
Total for the last 5 years More than 40,000 billion VND
Notably, in the last two years, the profit divided from Rusvietpetro has even exceeded the oil profit from Vietsovpetro.
This shows that Petrovietnam's strategy of investing in oil and gas abroad is clearly effective.
From Oil ToOffshore Wind Power
The most notable point today is that Vietnam - Russia cooperation is entering a new phase.
During a meeting on June 17, 2026, the Government of Vietnam asked Zarubezhneft to coordinate with Petrovietnam and Vietsovpetro to research and build a wind power equipment production facility and develop a renewable energy supply chain in Vietnam.
Priority areas include:
Offshore wind power
Renewable energy
Energy equipment supply chain
New energy technology
This shows that Vietnam - Russia cooperation no longer only revolves around traditional oil and gas but is expanding to future energy industries.
Outlook for the Period 2026 - 2030
Potential Areas
Traditional oil and gas Maintain large revenue sources
Offshore wind power Strong growth
Petroleum technical services International expansion
New energy Attracts large investments
The combination of Zarubezhneft's nearly 60 years of experience and Petrovietnam's operating capabilities can create a new growth cycle for Vietnam's energy industry in the next decade.
Convert reference
533 million USD initial investment capital ≈ 13,800 billion VND
1.4 billion USD in profit received by Vietnam ≈ 36,000 billion VND
The total profit of both sides exceeded 3 billion USD≈ 77,000 billion VND
A project in a freezing area of minus 50 degrees Celsius creates tens of thousands of billions of dong in cash flow for Vietnam. In the context of the world's energy transition, will the cooperation model between Petrovietnam and Zarubezhneft continue to create new miracles in the field of offshore wind power and renewable energy?
#Petrovietnam #PVN #Zarubezhneft #Rusvietpetro #Vietsovpetro #DauKhiVietNam #DienGioNgoaiKhoi #NangLuongTaiTao #CongNgheDauKhi #KinhTeVietNam
