Categories: Blog/News

ADNOC wishes to cooperate with Petrovietnam to expand business in Vietnam

ADNOC wishes to cooperate with Petrovietnam to expand business in Vietnam

On 4/4, Deputy General Director of Vietnam Oil and Gas Group (Petrovietnam) Le Manh Hung had a meeting with Mr. Abdulla R.Al Qubaisi – Vice President of National Oil Company of United Arab Emirates Abu Dhabi (Abu Dhabi National Oil Company – ADNOC).

Attending the meeting, there were representatives of leaders of Binh Son Petrochemical Joint Stock Company (BSR), Vietnam Oil Corporation – JSC (PVOIL), Drilling Solution Corporation and Petrochemical Products (DMC) and other Specialized Group of the Group.

ADNOC was established in 1971, is the 12th largest oil production company in the world, has 17 member units and joint ventures operating in the upstream and downstream areas, the total output is currently about 3 million barrels / Day, aiming to reach 3.5-4 million barrels / day by 2020 and 5 million barrels / day by 2030, exporting about 2 – 2.5 million barrels / day, mostly to Asia.

Petrovietnam leaders work with ADNOC leaders

Petrovietnam leaders work with ADNOC leaders

ADNOC has had contracts to supply products in the petrochemical field for DMC, providing LPG for PV GAS for many years. With the strength as one of the leading companies in the oil and gas sector, Adnoc expressed his desire to expand the business sectors in Vietnam as well as the desire to explore opportunities for investment cooperation with Petrovietnam, from upstream to downstream.

At the meeting, Deputy General Director Le Manh Hung PetroVietnam has discussed with Mr. Abdulla R.Al Qubaisi Petrovietnam on projects from mining to transportation and processing business in the oil and gas sector. Adnoc confirmed to continue to strengthen the relationship business had with the unit of Petrovietnam as PV Gas, DMC, and expressed concern particularly to the field of oil and gas processing, crude oil supply for Vietnam’s petrochemical refinery.

BSR leaders welcomed and worked with ADNOC mission

BSR leaders welcomed and worked with ADNOC mission

After the meeting with the leaders of the Group, on April 5, ADNOC went to Quang Ngai to visit Dung Quat Oil Refinery. The representative of BSR leader introduced to ADNOC delegation the configuration of technology, input materials and product structure, operation, production and business of Dung Quat oil refinery plant. BRS also presented the implementation of the Dung Quat Refinery Expansion Project, the difficulties and advantages of the factory’s material resources in the current period as well as the completion phase of the Project to expand and expand the house. machine.

Mr. Abdulla R.Al Qubaisi – Vice President of ADNOC said that the company is interested in the technology configuration, processing capacity of the current Dung Quat refinery plant as well as the processing capacity after the factory has completed the upgrade. extend. ADNOC expressed its willingness to cooperate with BSR in providing crude oil, BSR’s input materials, BSR’s equitization process, as well as the ability to cooperate in the upgrading and expansion of the plant. Investing in strategic crude oil storage projects for BSR in particular and Vietnam’s energy security in general.

You May Also Like