PetroVietnam's joint venture with
Venezuela's state-run oil company PDVSA remains stalled but the Vietnamese
company hopes ongoing talks will lead to reactivation of operations, a top
executive for the company told Reuters on Wednesday. Vietnam's state-run oil
company and PDVSA operate the PetroMacareo extra-heavy crude project in
Venezuela's vast Orinoco Belt. After PetroVietnam halted oil production in 2014
due to tough economic conditions, the firm considered selling its 40-percent
stake, but did not. Now, PetroVietnam is trying to get operations going again. More…
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