Thursday, December 17, 2009

PetroVietnam to buy Shell Laos

17/12/2009

The PetroVietnam Oil (PV Oil) Corporation will take over Shell Laos as part of PV Oil’s strategy to develop its market in regional countries, including Cambodia and Laos.
A contract is to be signed on Dec. 17 and PV Oil plans to restart business immediately.

PV Oil was established in June 2008 by merging the PetroVietnam Trading Corporation (Petechim) and the Oil Processing and Distribution Company (PDC) - both were subsidiaries of the Vietnam National Oil and Gas Group (PetroVietnam).

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