Japanese oil and gas exploration company wants to expand investment in many fields in Vietnam

Deputy Prime Minister Trinh Dinh Dung on August 21 had a meeting with Hiroshi Hosoi, Chairman, General Director of JX NOEX (Japan).

JX NOEX is a company operating in the field of oil and gas exploration and exploitation - one of the three core businesses of JXTG Holdings - the leading oil and gas corporation in Japan with a market share of petroleum accounting for about 50% of the market. Japan and currently a strategic shareholder of Petrolimex. JX NOEX has been investing in Vietnam since 1992.

Deputy Prime Minister Trinh Dinh Dung highly appreciated JX NOEX's business results in Vietnam. In particular, he is particularly in the application of technical solutions to improve oil recovery coefficients, contributing to stabilizing Vietnam's oil production.

In addition, the Deputy Prime Minister also recorded non-economic activities of this enterprise, including social security activities when he supported social security in Vietnam about 2 million USD.

Recognizing JX NOEX's proposals for cooperation in oil and gas exploration and production, the Deputy Prime Minister asked the Company to soon work specifically with the Vietnam National Oil and Gas Group as well as other ministries and agencies. related taste.

For his part, Mr. Hiroshi Hosoi thanked the Vietnamese Government for creating favorable conditions to help JX NOEX to invest in Vietnam from 1992 to the present, including oil and gas projects. He said that in the coming time, JX NOEX hopes to continue its long-term investment in Vietnam not only in the field of oil and gas operation and exploitation.