Bank Of Baku

Azerbaijan to launch oil export to Vietnam next month

Azerbaijan to launch oil export to Vietnam next month
# 27 July 2010 09:45 (UTC +04:00)
The company sources said according to the agreement with the State Oil Company of Azerbaijan (SOCAR), Vietnam will import 408 837 barrel of Azeri Light crude from Azerbaijan in the first phase. It will be refined in Dung Quat refinery of Vietnam.

PetroVietnam reached an agreement with BP to import a part of oil produced in Malaysian Miri oil field.

SOCAR and PetroVietnam signed a memorandum on April 8, 2010. SOCAR’s trading company on Asian countries – SOCAR Trading Singapore and PetroVietnam signed a long-term agreement to export Azerbaijan’s oil crude to Vietnam.
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