Economic Calendar

Wednesday, November 12, 2008

PetroVietnam May Buy Crude Oil From BP, Shell for New Refinery

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By Nguyen Dieu Tu Uyen

Nov. 12 (Bloomberg) -- Vietnam, Southeast Asia's third- biggest oil producer, may buy crude from BP Plc, Royal Dutch Shell Plc and some Middle Eastern companies for the country's first refinery.

``We need to buy crude oil for the refinery that will come into operation next year,'' Tran Ngoc Canh, chief executive officer of state-owned Vietnam Oil & Gas Group, known as PetroVietnam, said at the GASEX 2008 conference in Hanoi.

To contact the reporter on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net.




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