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Vietnam refinery signs crude oil deal with ExxonMobil Asia Pacific

Vietnam refinery signs crude oil deal with ExxonMobil Asia Pacific 

- Petrovietnam Refining and Petrochemical Corp BSR.HM, also known as BSR, has signed a framework agreement with ExxonMobil Asia Pacific for crude oil supplies for its refinery.

  • The agreement was signed in New York earlier this week during a meeting between Vietnamese leader To Lam and US business executives, and is in line with a Reuters report last week.

  • BSR said it is seeking to diversify its sources of crude oil to ensure sufficient feedstock for its 130,000-barrel-per-day refinery, including US crude oil.

  • The refinery can now process 40 different types of crude oil, including 28 types of imported crude oil, it said.

  • Imported crude oil, mostly from West Africa, the Mediterranean and Southeast Asia, accounted for over 30% of its feedstock last year, it added.


(Reporting by Khanh Vu; Editing by John Mair)

((khanh.vu@thomsonreuters.com; +84 24 38259623; Reuters Messaging: khanh.vu.thomsonreuters.com@reuters.net/))

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