Friday, September 19, 2008

Vietnam's first refinery inks propylene supply pact with Japanese trading firm

A propylene purchase contract agreement has been inked between Japan's trading company, Marubeni Corp and Petrovietnam's oil refinery, Dung Quat. Under the terms of the contract, Marubeni Corp would ppurchase all propylene from the state owned Dung Quat oil refinery between 2009 and 2010 and its prices will be decided according to free-on-board (FOB) basis.

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