Wednesday 17 June 2015

Vietnam: PetroVietnam acquires Chevron's Vietnam upstream assets

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

Chevron has closed the sale of its stake in exploration blocks and a pipeline project in Vietnam to state-run PetroVietnam, for an undisclosed amount of money. The move represents Chevron's exit from Vietnam's upstream oil and gas sector, as the oil major trims its global portfolio.

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