PVOil, Taleveras ink cooperation deal
PVOil, Taleveras ink cooperation deal
PetroVietnam Oil Corporation and Dubai-based oil conglomerate Taleveras signed a cooperation agreement on July 25 to expand their business in the oil and gas industry.
According to a statement released by PetroVietnam Oil, both companies will establish a joint venture in the United Arab Emirates as an international brand to promote their global presence. They will also join in building oil terminals and facilities in Vietnam.
Speaking at the signing ceremony in HCMC, Antonio De Santis, an executive of Taleveras Exploration and Production, said the joint venture is the result of a cooperation process between the two enterprises, including many steps, such as project assessments, negotiations and conducting due diligence. The joint venture will be operated with transparency and corporate governance policies built by the two firms.
Nguyen Hoang Tuan, chairman of PetroVietnam Oil, said the cooperation will help the firm expand operations and promote its brand internationally. As a member of State-owned oil and gas group PetroVietnam, it is developing its business in many regional markets.
Taleveras Exploration and Production offers a wide range of integrated and strategic solutions, in fields such as energy, power, construction and logistics on a global scale.
