Petrovietnam looks to buy $1.5B in Vietnamese oil fields and assets from ConocoPhillips (COP) to...

|About: ConocoPhillips (COP)|By:, SA News Editor

Petrovietnam looks to buy $1.5B in Vietnamese oil fields and assets from ConocoPhillips (COP) to help flex its muscles in a territory dispute with China in the South China Sea region. Leaders meet in Beijing, as both Vietnam and the Philippines accuse China of sabotaging operations in an area plush with oil and gas deposits.