Venezuela Commits to Supplying Vietnam 2 Mil Barrels of Crude Oil Per Quarter

26-Apr-2012 Intellasia | | 7:05 AM Print This Post

Venezuela has committed to supplying Vietnam’s sole crude oil importer PV Oil two million barrels of crude oil per quarter, PetroVietnam-run Petrotimes said Tuesday, quoting PetroVietnam’s general director Do Van Hau.

The contracts will be implemented with relatively favourable terms, Hau added, without saying when the crude oil will be delivered.

A PetroVietnam official on Tuesday declined to comment on the timing of the delivery.


Category: Business

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