Home Economy

ExxonMobil returns to Viet Nam

Nov 18th at 11:16
18-11-2015 11:16:38+07:00

ExxonMobil returns to Viet Nam

US oil giant ExxonMobil has returned to Viet Nam after a five-year absence.

It has signed up PAN International petroleum JSC as its strategic distributor for the northern region and TAT Petroleum Viet Nam for the central and southern regions, and Equator Company Limited to distribute oil to ships and other vessels in the coastal areas.

Speaking at a press conference on November 17 to announce the distributorships, Yasser Al-Azzawi, ExxonMobil's general manager, Asia Pacific business development and distributor market, said Viet Nam had become one of the fastest and most important markets in the world and ExxonMobil was delighted to develop its business in the country.

ExxonMobil's products are meant mainly for automobiles, buses, utility vehicles, and trucks.

The company is the largest of the world's supermajors with daily production of 3.9 million barrels of oil equivalent. Its revenues in third quarter this year were US$67.3 billion.

bizhub

MOST READ

NEWS SAME CATEGORY

Exporters ponder ways to penetrate new markets
ECONOMY Nov 18th at 11:15

Exporters ponder ways to penetrate new markets

The US and Latin American countries have huge demand for products made by sectors in which Vietnamese companies have advantages, but they need to study these...

VN, Czech firms seek cooperation
ECONOMY Nov 18th at 11:11

VN, Czech firms seek cooperation

A Viet Nam-Czech business forum was held yesterday in the capital city with an aim of creating opportunities for enterprises from both nations to further links in...

Vietnamese tourists begin canceling France tours after deadly Paris attacks
ECONOMY Nov 17th at 13:26

Vietnamese tourists begin canceling France tours after deadly Paris attacks

Vietnamese tour organizers have begun receiving booking cancelations for France and European packages, less than a week after the terrible attacks that killed more...

Vietnam’s Da Nang allows entry for 300 Chinese workers
ECONOMY Nov 17th at 13:25

Vietnam’s Da Nang allows entry for 300 Chinese workers

The administration of Da Nang has allowed a contractor to bring 300 Chinese laborers to work on an under-construction hotel project in what is said to be a...

UK holds untapped potential for exports
ECONOMY Nov 17th at 10:19

UK holds untapped potential for exports

There is untapped potential for Vietnamese enterprises to export to the United Kingdom, Vietnamese Ambassador Nguyen Van Thao told a business conference held...

VN, NZ sign four agreements
ECONOMY Nov 17th at 10:18

VN, NZ sign four agreements

Vietnamese and New Zealand businesses signed four agreements on Sunday during the official visit by New Zealand Prime Minister John Key to Viet Nam from November 14...

Tourism forum links VN, Japan
ECONOMY Nov 17th at 10:06

Tourism forum links VN, Japan

As many as 80 Vietnamese and 100 Japanese companies took part in an investment and tourism promotion seminar held by the Bank for Investment and Development of Viet...

Number of new firms surges in 2015
ECONOMY Nov 17th at 08:19

Number of new firms surges in 2015

More than 77,500 new enterprises were registered in the first 10 months of 2015, a 29.2 per cent year-on-year increase, the Minisstry of planning and investment...

Russian visitors to Viet Nam soar 60% in October
ECONOMY Nov 17th at 08:15

Russian visitors to Viet Nam soar 60% in October

The amount of Russian tourists arriving in Viet Nam increased by 60 per cent in October despite a continuous decrease to most other major destinations abroad...

US surpasses Laos to become Vietnam’s biggest overseas investment destination
ECONOMY Nov 16th at 14:03

US surpasses Laos to become Vietnam’s biggest overseas investment destination

The U.S. has overtaken Laos to become the most attractive place for Vietnamese foreign investment in the first nine months of this year, according to the Foreign...

Read More

MOST READ

Back To Top