Business

Castrol, BP renew joint-venture contract with Petrolimex

The Castrol, BP and Vietnam Petroleum Corporation (Petrolimex) signed an agreement extending their joint-venture contract for the next 20 years, starting from 2022, during an online ceremony on December 6.
Castrol, BP renew joint-venture contract with Petrolimex ảnh 1At the event (Photo: Petrolimex)

Hanoi (VNA) – The Castrol, BP and Vietnam PetroleumCorporation (Petrolimex) signed an agreement extending theirjoint-venture contract for the next 20 years, starting from 2022,during an online ceremony on December 6.

The joint-venture will continueoperating under the name Castrol BP Petco Co. Ltd.

During the event linking with Hanoi,Ho Chi Minh City and Melbourne, they reviewed achievements over the past threedecades and outlined orientations for future cooperation.

Founded in 1992, the Castrol BP Petco Co. Ltd now has over 90 distributorsnationwide, becoming one of the leading lubricant manufacturers in Vietnam.

Over the past three decades, the joint venture has generated stable jobs for workers in localities, service suppliers and retailers in Vietnam. Since 2012,it has been named among top 100 foreign contributors to the State budget./. 

VNA
#Castrol #Vietnamplus #Vietnam News Agency #Vietnam Petroleum Corporation #Petrolimex #joint-venture #Castrol BP Petco Co. Ltd #State budget Vietnam
Follow VietnamPlus

Related News

Petrolimex fulfilling its role in energy supply

Petrolimex fulfilling its role in energy supply

The Vietnam National Petroleum Group (Petrolimex) has met the majority of the goals set for the 2015-2020 period, paying nearly 188 trillion VND (about 8.036 billion USD) to the State budget while exhibiting strong performance in ensuring energy security, meeting demand for petroleum, and contributing to social welfare activities.
Petrolimex’s profit falls to five-year low

Petrolimex’s profit falls to five-year low

Vietnam’s largest petroleum retailer Petrolimex has reported that earned almost 1.27 trillion VND (55 million USD) in pre-tax profit in 2020, equivalent to 81 percent of this year’s target and down nearly 76 percent from 2019.

See more

At the launching ceremony of the "Empower Youth for Future Success in Ha Nam Province" programme. (Photo: CED)

Empower youth for future success in Ha Nam province

The "Empower Youth for Future Success in Ha Nam Province" program is designed to equip these young people with a comprehensive set of skills, including social, financial, employability, and entrepreneurship skills.

Omoda & Jaecoo Vietnam looks to expand EV charging network. (Photo: VNA)

Omoda & Jaecoo Vietnam looks to expand EV charging network

The partnership brings together industry leaders: EBOOST (EVMobility) specialising in personal charging solutions, EV Power in charging station development, EV Pay in digital payment services, Rabbit EVC in integrated charging solutions, and Nova Energy in large-scale renewable energy projects.

📝 OP-ED: Private economic sector with aspiration for groundbreaking development

📝 OP-ED: Private economic sector with aspiration for groundbreaking development

This message from Party General Secretary To Lam in his recent article "Developing private economic sector – A lever for a prosperous Vietnam" marks a turning point in the awareness about the private economic sector’s important role while touching on the aspiration for groundbreaking development of the country's most dynamic economic industry today.

Nguyen Doan Hoai Thu currently working at the Luxembourg Chamber of Commerce (Photo: VNA)

Vietnamese intellectuals in Luxembourg share experience in building int’l financial centre

Pham Thi Huong Ly, Master of Accounting and Audit, Financial Reporting Manager at Aztec Luxembourg which specialises in investment fund financial services, shared that drawing from her experience in Luxembourg, Vietnam, and Singapore to establish a successful international financial centre, it is necessary to build a transparent institutional framework that protects investor rights.

Geely Auto launches three competitively priced versions, Standard, Premium, and Flagship. (Photo: VNA)

Chinese auto giant stakes its claim in Vietnamese market

Geely clearly demonstrated its green and sustainable direction with the all-electric Geely EX5, which stands out with its powerful 218-horsepower electric motor, 320 Nm of torque, and a 60.2 kWh battery capacity allowing the vehicle to travel up to 430 kilometres on a full charge.

Workers process agricultural products for export. (Photo: VNA)

Vietnam's small business growth soars to a four-year high

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.