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March 15th, 2018 
Awake Goy 
nsnbc : The Japan Bank for International Cooperation (JBIC) is considering funding the Block B52/97 project of the Viet Nam Oil and Gas Group (PetroVietnam) with loans without a government guarantee.
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General Director of PetroVietnam, Nguyen Vu Truong Son, recently worked with JBIC representatives on the financial arrangements for the project. According to PetroVietnam, the project, worth nearly US$10 billion, is one of the two largest gas projects in Viet Nam.
The capital arrangement for the project is one of the main concerns of foreign partners involved in the project. The Block B&52/97 project’s oilfield development report was approved by contractors and the Vietnamese State appraisal council. Its environmental impact assessment report was ratified by the Ministry of Natural Resources and Environment.
The quantitative risk assessment report was also submitted to the Ministry of Industry and Trade. As scheduled, the contract will be awarded in June 2018, and the signing of Engineering Procurement Construction and Installation (EPCI) contracts for the project will be done in July.
The Block B&52/97 project includes two sub-projects. The first aims to develop the Block B oilfield, with PetroVietnam owning maximum capital in the project (42.896 per cent).
Other investors are PetroVietnam Exploration and Production Corporation (26.788 per cent), Mitsui Oil Exploration Company (MOECO) of Japan (22.575 per cent), and Thailand’s PTT Exploration and Production Public.
CH/L – nsnbc 15.03.2018
Source Article from https://nsnbc.me/2018/03/15/88097/
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