Accra:Petronas and Petrovietnam have reinforced their long-standing partnership by signing a strategic alliance agreement. This collaboration marks a significant milestone in their 35-year relationship.

According to BERNAMA News Agency, the agreement underscores the commitment of both companies to advancing energy security, sustainability, and long-term value creation. The framework established by this agreement aims to leverage the strengths of both organizations across various sectors of the energy value chain, including upstream development, gas and LNG, downstream opportunities, and low-carbon solutions.

The signing ceremony took place at Petrovietnam's headquarters, with Petronas president and CEO Tan Sri Tengku Muhammad Taufik and Petrovietnam president and CEO Le Manh Cuong formalizing the agreement. A subsequent exchange of documents was held at the Vietnamese government headquarters, witnessed by Prime Minister Le Minh Hung, further reaffirming the commitment to support Vietnam's energy security and development.

Petronas emphasized its ongoing dedication to collaborating with Petrovietnam to meet Vietnam's energy needs and explore broader energy cooperation across the region.