Castrol, BP renew joint-venture contract with Petrolimex hinh anh 1At the event (Photo: 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./.