Energy Blast – Nov 1, 2010

President Dmitry Medvedev’s visit to Hanoi has paid off for the energy sectors of the two countries: an agreement has been reached under which Atomstroiexport, a Rosatom subsidiary, will build Vietnam’s first nuclear power station.  Bloomberg reports that the deal will see two reactors built by 2020, and adds details of another deal between Rushydro and PetroVietnam.  VTB also signed a deal with Vietnam’s BIDV to jointly launch a $500 million energy and mining investment fund.  France’s Schneider Electric will have a role in the $3 billion modernization of three Rosneft refineries.  Russia could ‘participate‘ in the privatization of the Polish oil industry, says Igor Sechin.