Thursday, January 19, 2012

QPI to invest in Vietnam's Long Son petchem plant

Qatar Petroleum International (QPI) plans to buy a 25% stake in the US$4 bln Long Son petrochemical project in Vietnam, as per senior executive of Petrovietnam as reported by Reuters. "We will establiish a joint venture to build the complex," Do Van Hau, Petrovietnam chief executive officer said after signing an investment agreement with QPI officials.

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