Aramco exit refinery project on non-Vietnamese partnership

Riyadh – Mubasher: Aramco’s withdrawal from the refinery and petrochemical project in Vietnam was based on comprehensive studies, Amin Nasser, CEO of Saudi Aramco, said.

He added that the company has a number of plans for global projects in China, Malaysia, India and Vietnam, according to a local newspaper.

The mega power Thai company, which was Aramco’s partner in the refinery project, said that the withdrawal was a big loss, and the non-inclusion of a Vietnamese party in the deal was a reason behind the non-accomplishment of the partnership.

Mubasher Contribution Time: 07-Aug-2016 10:50 (GMT)
Mubasher Last Update Time: 07-Aug-2016 10:50 (GMT)