Petrolimex sets up a subsidiary company in Singapore

VGP – Việt Nam National Petroleum Corporation (Petrolimex) officially inaugurated its single-member liability-limited company Petrolimex Singapore on November 16, marking an important leap forward of Petrolimex in overseas operations.

November 17, 2009 9:10 AM GMT+7

Việt Nam’s Minister of Industry and Trade Vũ Huy Hoàng (center) cuts the inaugural band to launch Petrolimex’s Singapore-based branch, November 16, 2009 - Photo: VnEconomy

Petrolimex Singapore is a key focal body for Petrolimex to do petroleum business abroad, provide bunker service, survey overseas markets and seek for partners.

With its Singapore-based affiliated company, Petrolimex expects to easily get access to regional and international markets.
Petrolimex is the State-run corporation engaging in 12 petroleum fields, such as transportation, petrochemistry, gas, designing, building and installing petroleum works, and insurance.
The corporation plays an important role in the domestic market as 41 out of its 67 affiliated companies are trading in petroleum throughout Việt Nam.

By Thùy Dung