TNK-BP may buy stake in Dung Quat Refinery, Dau Tu reports

Russia-based TNK-BP has expressed interest in buying shares in Vietnam’s Dung Quat refinery, Dau Tu newspaper said, citing an unidentified person in the industry.

Russia-based TNK-BP has expressed interest in buying shares in Vietnam’s Dung Quat refinery, Dau Tu newspaper said, citing an unidentified person in the industry.

Under an agreement signed between TNK-BP and Vietnam Oil & Gas Group this week, the Vietnamese company will help TNK-BP tap Vietnam’s market, the report said. The two companies will also work together in oil exploration in Vietnam, Russia and other countries, it said.

The story had no comment from TNK-BP and gave no details on the size of the refinery stake.- Bloomberg

Tags: Dung Quat Refinery, TNK-BP

Posted by VBN on Nov 18 2010. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry