Conoco Hosts Visit by Vietnam's Deputy Prime Minister.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--June 17, 2002 H.E. Mr. Nguyen Manh Cam, Deputy Prime Minster of Vietnam, met with Conoco (NYSE NYSE See: New York Stock Exchange :COC See chip on chip. ) executives at the company's Houston headquarters on Saturday to discuss foreign investment opportunities in Vietnam's energy industry. The Deputy Prime Minister A Deputy Prime Minister or Vice Prime Minister is, in some countries, a government minister who can take the position of acting Prime Minister when the real Prime Minister is temporarily absent. is leading a high-level delegation of Vietnamese officials to promote bi-lateral trade with the U.S. and will meet with industry executives and state officials in Texas, Washington, D.C., Massachusetts, Pennsylvania and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of during the ten-day visit. Earlier this month, Conoco Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Archie Dunham met with H.E. Prime Minister Mr. Phan Van Khai and top-level PetroVietnam officials while in Hanoi, as part of an extensive Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. business trip. Since 1995, Conoco and Vietnam have been partners in developing a series of successful exploration and production (E&P) projects. Conoco executives reaffirmed the company's plans for continued growth in Vietnam and indicated it will consider new investment opportunities in the oil, natural gas and power segments of the Vietnamese energy sector. Conoco currently has a $400 million offshore oil and natural gas development underway in Vietnam's Cuu Long and Nam Con Son basins, which represents a substantial investment in the country's burgeoning economy. In fact, Conoco's fast-growing presence in Vietnam was an integral part of the company recently establishing Southeast Asia as its fourth core business area. Conoco is a major, integrated energy company active in more than 40 countries. http://www.conoco.com |
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