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Cooperation relationship between Power Machines (Russian Federation) and Vietnam began more than a half century ago with the delivery of three generators for Thac Ba hydraulic power plant, which was the country's most powerful one for a long time. Then came the turn of Uong Bi and Pha Lai thermal power plants, as well as Tri An and Hoa Binh hydraulic power plants.

On March 22^nd, in Hanoi, President Truong Tan Sang received Mr. Igor Sechin, General Secretary of the National Energy Commission of the Russian Federation, CEO of Rosneft.

With a view to increasing oil and gas reserve and discovering new fields to meet domesticdemand and export, Petrovietnam has been carrying out effective exploration and production of oil and gas both at home and abroad through PSC, JOC, JOA, BCC contracts, self-investment and self-management in exploration, making important petroleum discoveries, quickly bringing the discovered fields into production phase with the application of state-of-the-art technologies to increase production as well as oil and gas recovery rate, thus protecting the environment and natural resources.