Directions and Dynamics of cooperation between Russia and Vietnam in the Field of Hydrocarbon Production at the Present Stage

Abstract

The article examines the dynamics of relations between the
Russian Federation and the Socialist Republic of Vietnam in the
exploitation of hydrocarbon deposits and energy development.
On the example of the implementation of specific projects, the
process of bilateral interaction within the framework of signed
agreements and acts, as well as the prospects for expanding oil
and gas cooperation, identified at the level of heads of state, are
considered and analyzed. The author clarifies the peculiarities of
cooperation in russo-vietnamese relations in the field of oil and
gas production pointing out that it functions not only because
of profitability and mutually beneficial nature of joint ventures
but also due to benevolent political environment which has been
formed between the two states. The results of the work of joint
ventures are outlined, the ways of sectoral development and the
challenges they face are touched upon.