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Russia and Vietnam agree on oil storage plan
The Russian oil company "Zarubezhneft" signed a framework agreement with the Vietnamese energy company "Petrovietnam" to establish a strategic oil reserve in Vietnam during the state visit by the Vietnamese president to Russia. The size of the reserve and the project's timeline have not been disclosed, but Russia proposed exploring the creation of strategic fuel reserves in Vietnam as part of strengthening energy cooperation between the two countries—particularly in terms of Moscow's support for long-term oil investments and the supply of oil resources.
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