Thursday, 12 August 2010

Vietnam receives first crude from Azerbaijan

First oil tanker, carrying crude oil from Azerbaijan, reached Vietnam's Thanh Bay on Wednesday 11th August. The crude will be refined in a Dung Quat oil refinery in the province of Quang Ngai.

It is the first consignemt of crude oil under a deal signed by the Vietnam oil and gas group, PetroVietnam, State Oil Company of Azerbaijan Republic (SOCAR) and the BP Group.

According to the agreement, SOCAR will supply Dung Quat refinery with 65,000 barrels of oil in the month of August, and BP will export the same volume of crude. The imported crude will be mixed with oil produced in the Bach Ho field in southern Vietnam during the refining process.

Source: Vietnam News

For more news and expert analysis about Vietnam, please see Vietnam Focus.

For more news and expert analysis about the Caspian region, please see Caspian Focus.

No comments:

Post a Comment