Castrol, BP renew joint-venture contract with Petrolimex
Hanoi (VNA) – 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.
The joint-venture will continue
operating 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 three
decades and outlined orientations for future cooperation.
Founded in 1992, the Castrol BP Petco Co. Ltd now has over 90 distributors
nationwide, 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./.