Vietnam Oil and Gas Corporation may place up to 35% of shares in Binh Son Refining and Petrochemical Company Ltd., which owns the Dung Quat oil refinery, on the Vietnamese stock exchange or offer a 49% stake to Russian oil companies, a BSR spokesman told Interfax. "We have two options: if BSR is to be a stock company, PetroVietnam will retain a stake of at last 65%. But if it is to be a joint venture (as envisioned in talks with Public Joint Stock Company Gazprom Neft (MICEX:SIBN)), then PetroVietnam will retain 51%," the spokesman said.

"We are very interested and continue to await major Russian companies, like Gazprom Neft, Open Joint Stock Company Rosneft Oil Company (LSE:ROSN); JSC Zarubezhneft and Public Joint Stock Company Oil Company LUKOIL (MICEX:LKOH), as a strategic investor," the spokesman said, noting that talks with the latter three companies have not been conducted yet.