Arab Today, arab today kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv
Last Updated : GMT 14:40:35
Arab Today, arab today
Arab Today, arab today

Kuwait Petroleum Int'l, Japan's Idemitsu to establish Vietnam oil sales JV

Arab Today, arab today

Arab Today, arab today Kuwait Petroleum Int'l, Japan's Idemitsu to establish Vietnam oil sales JV

Kuwait Petroleum International
Tokyo - WAM

State-run Kuwait Petroleum International (KPI) and Japan's leading refiner Idemitsu Kosan Co. have applied for registration of a joint venture company in Vietnam to sell petroleum products in the Southeast Asian country, Idemitsu announced in a statement.

"KPI and Idemitsu intend to promote retail and wholesale operations, mainly through the construction and management of service stations across Vietnam," the Tokyo-based firm said in a statement carried by Kuwait News Agency, KUNA. The joint venture, called Idemitsu Q8 Petroleum LLC, will be the first wholly foreign-owned firm in the oil product distribution and retail sectors in Vietnam.

"Through the establishment of a petroleum product distribution company, KPI and Idemitsu will achieve a stable supply of products to the growing Vietnamese market, where demand for petroleum products is expected to follow a steady upward trend, thereby contributing to the social and economic development of Vietnam," said Idemitsu.

The two companies are major investors in the Nghi Son Refinery and Petrochemical LLC, which is constructing Vietnam's second oil refinery to be operational in 2017, according to Idemitsu. The 200,000-barrel-per-day Nghi Son Refinery and Petrochemical Project is 35.1 percent evenly owned by KPI and Idemitsu., 25.1 percent by state-owned PetroVietnam and 4.7 percent by Japan's Mitsui Chemicals Inc.

KPI's parent company Kuwait Petroleum Corporation (KPC) will supply all the feedstock for the facility, which will also include petrochemical units, energy facilities, a pipeline and storage systems, along with an information management system.

Source :WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv Arab Today, arab today kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv Arab Today, arab today kuwait petroleum intl japans idemitsu to establish vietnam oil sales jv

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday