HANOI -- A Vietnamese-Russian joint venture has begun crude oil production at a new site in the South China Sea, a project expected to contribute more than $1 billion to Hanoi's coffers by 2032.
International relations
Vietnam cracks open new oil field in South China Sea with Russia
Project looks to bring Hanoi $1bn in revenue by 2032
Vietnamese workers stand on a drilling platform in the South China Sea. Vietnam's oil production has declined since peaking in 2004. © Reuters
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