PV OIL buys 1.2 million barrels of crude oil from Brunei

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Báo QĐND English - 33 month(s) ago 43 readings

PV OIL buys 1.2 million barrels of crude oil from Brunei

PANO – A contract on crude oil purchase between PV Oil Singapore, an affiliate of PetroVietnam Oil Corporation (PV OIL), and Brunei Shell has just been signed, according to leaders of PV OIL.

PANO – A contract on crude oil purchase between PV Oil Singapore, an affiliate of PetroVietnam Oil Corporation (PV OIL), and Brunei Shell has just been signed, according to leaders of PV OIL.

Under the newly-signed contract, PV OIL Singapore will buy 1.2 million barrels of crude oil from Brunei Shell in 2012.

PV OIL leaders also said that this was the first time PV OIL Singapore has brought as a large contract to PV OIL and was also the first time Brunei directly sells crude oil for Vietnam.

“The deal bears important significance as it has opened further cooperation opportunity for Vietnamese and Brunei oil companies,” said PV OIL leaders at the signing ceremony.

PV OIL also said that the imported crude oil will be supplied for Dung Quat Oil Refinery.

PV OIL Singapore was founded by PV OIL in December 2010 and based in Singapore with its main mission of seeking contracts on oil products for the domestic market.

Translated by Thu Nguyen

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