BP TO PRODUCE, MARKET LUBES IN VIET NAM

British Petroleum Co. plc in a joint venture with Vietnamese oil marketer Petrolimex plans a $28 million worldscale lubricants complex in Viet Nam, says OPEC News Agency (Opecna). The venture marks BP's entry in Viet Nam's downstream industry. The company, which seeks to expand its presence in Southeast Asia, also is bidding to develop Dai Hung oil field off Viet Nam. Plans call for the BP Petco joint venture to install the complex at Nha Be near Ho Chi Minh City in southern Viet Nam,

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