Audit targets VN-Russia oil and gas companies

The Vietnam State Audit and its Russian counterpart will jointly examine the operations of their two oil and gas businesses, Vietsovpetro and Rusvietpetro.

The auditing drive will take place during the first and second quarters next year, reports the State Audit of Vietnam.

The Vietsovpetro joint-venture will have its operations from 2008 to February 2011 audited while the Rusvietpetro Joint-stock Company will be audited from 2008 to May 2011.

The auditing will be finished with a final report being submitted to Hanoi in the first quarter and one in Moscow in the second quarter of 2011.

The drive is part of the cooperation programme between the two State audit agencies, which have already audited Vietsovpetro during the period 2005-07. The report on the final results was signed by the authorities of both Governments as evidence of their satisfaction.

The two agencies have also audited State budget spending and inspected the quality of fish and other seafoods.

This action aimed to improve the efficiency of the supervision of food safety on a number of assorted aquatic foods and their processed products. The final audit will be submitted to the Government and National Assembly as soon as possible, said the State Audit of Vietnam.

Tags: Rusvietpetro, Vietsovpetro