The PetroVietnam Insurance Company (PVI) has signed a contract to provide three-year insurance service worth 5 billion US$ to Vietsovpetro, a joint venture of the Viet Nam National Oil and Gas Group (PetroVietnam) and a Russian partner.
The service will have an insurance fee of about 40mio US$.
Under the contract, PVI will cover all insurance services for Vietsovpetro's operations and properties from 2007 to 2010.
PVI and Vietsovpetro have worked together since 1996, however, the long-term contract marks a new step of development in their cooperation.
Source: VNA
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