Vietnam refining industry gets oil supply deal

Eric Watkins
Senior Correspondent

LOS ANGELES, Sept. 14 -- Petrovietnam Trading Co., an affiliate of Vietnam Oil & Gas Group (PVN), has signed an agreement with the Trafigura Group of the Netherlands to supply oil for Vietnam's refining industry for 30 years and to cooperate in building oil storage facilities, transporting oil to refineries, and shipping oil and products.

State media reported that PVN also is considering investing in a 9 million tonne/year refinery and petrochemical complex in northern Vietnam, and a 10 million tonne/year facility and petrochemical complex in southern Vietnam.

In February, Vietnam Development Bank awarded a credit of $1 billion to state-owned Petrovietnam to finance construction of the country's first refinery at Dung Quat (OGJ Online, Feb. 13, 2007).

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

Maintenance slows first-half 2014 US ethylene production

09/01/2014 Following a nearly flawless production record in second-half 2013, US ethylene producers maintained exceptional performance through first-quarter 2...

EIA: July Brent prices drop on reduced market risk

08/25/2014 In the August issue of its Short-Term Energy Outlook (STEO), the US Energy Information Administration maintains its 2014 US liquid fuels consumptio...

AFPM: Shale boom sparks need for petchem workers

04/07/2014 The current boom in shale resource development has sparked an urgent need in the petrochemical industry for technically skilled workers to build, o...

IHS International: US poised to lead world exports of LPG

03/25/2014 US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistanc...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected