The Vietnam National Petroleum Group (Petrolimex) has proposed upgrading the commercial relations between Petrolimex and Sri Lanka’s Ceylon Petroleum Corporation (CPC) by signing a long-term oil and gas supply contract between Petrolimex Singapore and CPC.

According to Petrolimex website, Bui Ngoc Bao, Chairman of Petrolimex Board of Management, made the suggestion to Sri Lankan Minister of Petroleum Industries Anura Priyadharshana Yapa during the minister’s May 3 working visit to Petrolimex headquarters in Hanoi.

At the meeting, the two sides informed each other of their respective capacities, development orientations, requirements and desire for cooperation in the fields of petroleum and related goods and services.

Petrolimex also hopes to increase the supply of goods produced by the group’s affiliates to Sri Lanka such as lubricants, petrochemical products, paints and specialised petroleum equipment, as well as services such as petroleum installation and transport.-VNA