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Vietnam Business » Vietnam Import Export News » Petro Vietnam Group plans BPs share

Petro Vietnam Group plans BPs share

Under the agreement, if one partner in the joint venture to withdraw funds from one project to put on the line to the remaining partners first offer. Petro Vietnam has plans for coordination with other partners, including ONGC, to acquire the stock.

Petro Vietnam Group plans BPs share of offshore projects at the farm was sold by British oil company, buying, said President of PetroVietnam Dinh La Thang. The group makes plans and the government will petition for approval. Petro Vietnam and the Indian Oil and Natural Gas Corporation Ltd (ONGC) today part of the work offshore operators of BP in the country. Under the agreement, if one partner in the joint venture to withdraw funds from one project to put on the line to the remaining partners first offer. Petro Vietnam has plans for coordination with other partners, including ONGC, to acquire the stock. "Petro Vietnam plans to be submitted to the government, we can only get your bet if the government gives the nod," said Mr. Thang. If the project is approved, commercial banks willing to provide loans for the purchase, he added.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

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