Vietnam, Cuba sign deals in energy, mining

28/08/2008 -- 4:00 PM

Havana (VNA) – Vietnam and Cuba signed cooperation agreements in oil and gas, power, mining and metallurgy in Havana , Cuba on August 27, during Minister of Industry and Trade Vu Huy Hoang’s two-day visit to the country. During their talks, Minister Vu Huy Hoang and Cuba ’s Minister of Basic Industry Yadira Garcia said the cooperation between the two countries in oil and gas has yielded good results, especially after the Cuban minister’s visit to Vietnam last September. Minister Garcia said Cuba wants to share experience with Vietnam in power saving, fertiliser and herbicide production, and mining technology. Minister Vu Huy Hoang highly valued the Cuban government’s assistance in implementing a joint project between the Vietnam National Oil and Gas Group (PVN) and Cuba’s National Petroleum Company (CUPET) to explore oil and gas in the Mexico gulf and on land. PVN and CUPET have completed geological study of a 4,000sq.km area in the Mexico gulf and 600sq.km on land. The two parties are conducting oil drilling under the project. Vietnam is willing to cooperate with Cuba in mining and the production of computer’s equipment, Minister Hoang said and proposed trilateral oil and gas cooperation among Vietnam, Cuba and Venezuela.-Enditem
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