Petrolimex seeks bigger share in Sri Lanka

May 6th at 11:01
06-05-2013 11:01:56+07:00

Petrolimex seeks bigger share in Sri Lanka

The Viet Nam National Petroleum Group (Petrolimex) has proposed upgrading the commercial relations between Petrolimex and Sri Lanka's Ceylon Petroleum Corporation (CPC) by signing a long-term oil and gas supply contract between Petrolimex Singapore and CPC.

According to Petrolimex website, Bui Ngoc Bao, Chairman of Petrolimex Board of Management, made the suggestion to Sri Lankan Minister of Petroleum Industries Anura Priyadharshana Yapa during the minister's working visit to Petrolimex headquarters in Ha Noi last week.

At the meeting, the two sides informed each other of their respective capacities, development orientations, requirements and desire for cooperation in the fields of petroleum and related goods and services.

Petrolimex also hopes to increase the supply of goods produced by the group's affiliates to Sri Lanka such as lubricants, petrochemical products, paints and specialised petroleum equipment, as well as services such as petroleum installation and transport.

vietnamnews



NEWS SAME CATEGORY

Food exporters from Germany eye market

German food and drink exporters see Viet Nam as an ideal export destination and an increasingly important market.

Can Tho pulls $1.8b in investment

Export processing zones (EPZs) and industrial zones (IZs) in the Mekong Delta city of Can Tho have attracted 204 investment projects with capital totalling more...

How big is Vietnam’s public debt, $128.9 or $66.8 billion?

The economic development model which relies much on the investment capital increase is believed to be the “culprit” that causes the high public debt.

Bitter-sweet honey exports

The EU’s strict ban on honey imports from Vietnam has caused huge losses for domestic businesses.

Seafood exports down 4.6 percent in four months

Vietnam’s seafood export turnover was estimated at US$464 million, bringing its total earnings in the first four months of the year down to more than US$1.7...

Tax breaks aimed at attracting investment

Industrial zones (IZs) may become more appealing if tax incentives are re-introduced. This is the thinking behind a draft law on Corporate Income Tax prepared by...

Trade deficit recurs in April

Vietnam experienced a trade deficit of 1 billion USD in April, after maintaining surplus for several consecutive months from late 2012.

HCM City firms set for recruitment drive

Enterprises are looking to hire more than 20,000 workers in May, an increase of more than 6,000 over the last month, according to the HCM City Labour Market...

Over 10,600 MoU and contracts signed at Mekong Expo 2013

Over 10,600 memorandums of understanding (MoUs) and contracts were signed at the Mekong Expo Vietnam 2013 which closed in Can Tho city on May 2.

Vietnam’s PMI sees slight growth in early Q2

The Purchasing Managers’ Index (PMI) of Vietnam’s manufacturing sector posted 51 points in April, up slightly from 50.8 a month ago, signalling improvements in...


MOST READ


Back To Top