link vao 188bet moi nhat Petrovietnam, Vitol deepen energy cooperation
State-owned Petrovietnam and Singapore-headquartered Vitol Asia Pte. Ltd. in late May signed their first crude oil supply deal for link vao 188bet moi nhat Nghi Son Refinery and Petrochemical complex, marking a concrete step in implementing a broader energy partnership.
Nghi Son, one of Vietnam's oil refineries, is located in link vao 188bet moi nhat central province of Thanh Hoa. Vitol Asia Pte. Ltd. is link vao 188bet moi nhat regional headquarters for Asia-Pacific and a primary subsidiary of Vitol Group, link vao 188bet moi nhat world's largest independent energy trader.
link vao 188bet moi nhat two sides have also agreed to expand cooperation across link vao 188bet moi nhat energy sector, including crude oil, gasoline products, LNG, and strategic storage infrastructure, according to a release posted on Petrovietnam's website late last week.
Minister of Industry and Trade Le Manh Hung (behind, fourth from right) witness link vao 188bet moi nhat signing ceremony of link vao 188bet moi nhat crude oil supply contract for Nghi Son Refinery and Petrochemical complex in Singapore, May 29, 2026. Photo courtesy of Petrovietnam.
link vao 188bet moi nhat discussions took place on May 29 during a working visit by a Petrovietnam delegation led by general director Le Manh Cuong to Singapore, on link vao 188bet moi nhat sidelines of Vietnamese Party chief and President To Lam's state visit to link vao 188bet moi nhat city-state.
link vao 188bet moi nhat two sides reviewed progress in implementing an MoU signed earlier in Singapore and discussed future cooperation opportunities in areas aligned with their respective strengths and business needs.
As part of link vao 188bet moi nhat visit, Nghi Son Refinery Products Distribution Branch (PVNDB), acting under authorization from Petrovietnam, signed a crude oil purchase agreement with Vitol to supply a cargo of crude oil to link vao 188bet moi nhat Nghi Son Refinery and Petrochemical complex (NSRP).
link vao 188bet moi nhat signing ceremony was witnessed by Minister of Industry and Trade Le Manh Hung, Petrovietnam general director Le Manh Cuong and representatives of Vitol.
link vao 188bet moi nhat transaction marks link vao 188bet moi nhat first crude oil supply deal between Petrovietnam and Vitol for NSRP and represents link vao 188bet moi nhat first concrete commercial outcome under link vao 188bet moi nhat MoU between link vao 188bet moi nhat two companies.
Petrovietnam said link vao 188bet moi nhat agreement would help diversify crude supply sources for NSRP and strengthen its ability to secure feedstock for one of Vietnam's largest refining facilities.
Speaking at link vao 188bet moi nhat signing ceremony, Minister Le Manh Hung praised Petrovietnam and PVNDB for securing crude oil supplies for NSRP, helping ensure link vao 188bet moi nhat refinery's stable operations and contributing to domestic fuel supply and national energy security.
Petrovietnam CEO Le Manh Cuong said link vao 188bet moi nhat agreement demonstrated link vao 188bet moi nhat ability of both parties to quickly translate strategic cooperation into tangible business results.
He added that Petrovietnam intends to expand its participation in international energy trading, not only to secure crude oil supplies for domestic refineries but also to strengthen its crude trading capabilities in regional markets through cooperation with global partners like Vitol.
Both companies agreed to continue exploring additional opportunities for practical and commercially viable cooperation.
link vao 188bet moi nhat delegation from Petrovietnam and representatives from Vitol's leadership, Singapore, May 29, 2026. Photo courtesy of Petrovietnam.
Petrovietnam said closer ties with leading international energy firms would support its efforts to enhance competitiveness, expand global trading activities and contribute to Vietnam's long-term energy security objectives.
link vao 188bet moi nhat giant is Vietnam's national energy group, operating across five core sectors: oil and gas exploration and production, gas industry, oil refining and petrochemicals, power and renewable energy, and high-quality technical services.
Vitol Group is one of link vao 188bet moi nhat world's largest independent energy and commodities traders. In addition to its trading business, link vao 188bet moi nhat company has invested more than $13 billion in long-term infrastructure assets globally.
Founded in Rotterdam in 1966, Vitol operates through around 40 offices worldwide and reported revenue of more than $340 billion in 2025.
theinvestor.vn