Petrovietnam to buy oil from Azerbaijan

March 5, 2014

Vietnam Oil & Gas Group (Petrovietnam) will buy up to 3.5 million barrels of Azerbaijani oil in 2014 from the State Oil Company of Azerbaijan (SOCAR), the Wall Street Journal reported with the reference to Petrovietnam's statement, Trend said on March 4.

The crude oil will be mixed with Vietnam's Bach Ho crude oil for the 130,000-barrel-a-day Dung Quat refinery, which is Vietnam's sole oil-processing plant, according to the company's statement.

Petrovietnam agreed to purchase oil from SOCAR between 2014 and 2016.

Copyright: Trend, 2014