PetroVietnam Looks to Japan Investors for Energy, Infrastructure Projects

Projects that could be invested in include a liquefied natural gas storage facility, a petrochemical plant, power plants, a seaport and a shipyard, PetroVietnam said after an August conference with 130 Japanese groups.

By VU TRONG KHANH

HANOI — State-run Vietnam Oil and Gas Group, or PetroVietnam, said in a recent statement that it welcomes Japanese companies to invest in energy and infrastructure projects in Vietnam.

These projects include a liquefied natural gas storage facility, a petrochemical plant, power plants, a seaport and a shipyard, PetroVietnam said after an early August conference with 130 Japanese companies.

Japanese investors are also encouraged to invest in its subsidiaries, including PetroVietnam Gas, PetroVietnam Technical Services, PetroVietnam Drilling and Well Services and PetroVietnam Finance.

“PetroVietnam’s strategy is to efficiently use domestic oil resources and to boost oil exploration andproduction abroad,” the company said.

Mitsui Oil Exploration, JX Nippon Oil & Energy Corp., SMBC, Bank of Tokyo, Mizuho Corporate Bank, Mitsubishi Heavy Industries, Mitsubishi Construction and Mitsui Engineering & Shipbuilding are some of the Japanese companies that attended the conference.
Dow Jones Newswires

 

 

 

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