Russia Explores Collaboration on Strategic Petroleum Reserve in Vietnam
Russia can take part in creating strategic petroleum reserve in Vietnam — Novak
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Russian Deputy Prime Minister Alexander Novak announced ongoing discussions with Vietnam regarding Russia's involvement in establishing a strategic petroleum reserve. This announcement was made during the St. Petersburg International Economic Forum (SPIEF) held from June 3-6, 2026.
- 01Russian Deputy Prime Minister Alexander Novak confirmed talks with Vietnam.
- 02Discussions focus on Russian participation in creating a strategic petroleum reserve.
- 03Russian companies are expected to provide support in this initiative.
- 04The announcement was made during the St. Petersburg International Economic Forum (SPIEF).
- 05SPIEF-2026 is being held from June 3-6, 2026.
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During the St. Petersburg International Economic Forum (SPIEF) on June 4, 2026, Russian Deputy Prime Minister Alexander Novak revealed that Russia is in discussions with Vietnam regarding its participation in the establishment of a strategic petroleum reserve in the Southeast Asian nation. Novak emphasized the importance of Russian companies in providing necessary support for this initiative. The SPIEF, which runs from June 3 to June 6, serves as a platform for international dialogue and collaboration on economic matters, including energy security.
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The collaboration could enhance Vietnam's energy security and diversify its oil supply sources.
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