Crude oil import and export and <br/> international oil trading
Crude Oil Export-Import and Trading
Exporting, importing and trading crude oil/condensate is a specific activity that makes a difference to PVOIL.
PVOIL is the only company in Vietnam that handles marketing and sale services for crude oil from offshore Vietnam and overseas oil blocks invested by Vietnam Oil and Gas Group (PetroVietnam) and/or its subsidiaries; supplying Vietnamese crude oil and importing crude oil for Dung Quat refinery.
With more than 30 years of experience, PVOIL has been marketing, selling safely and efficiently over 412 million tons of crude oil exploited from 18 oil fields at homeland and abroad; supplying Vietnamese and importing about 7.5 million tons of crude oil for Dung Quat refinery.
Supply of crude oil for refineries
0
Million
metric tons/year
Sells 14 Vietnamese crude oil, condensate and 2 Malaysian and Algerian grades with total quantity of about
7.5 Million metric tons/year
Supplies Vietnamese and imported crude oil for Dung Quat refinery
International Crude Oil Trading
With strength and experience in oil industry, in 2011, PVOIL set up a subsidiary in Singapore (PVOIL Singapore Pte Ltd - PVOSN) to deploy international oil trading. Since its establishment, PVOSN has efficiently traded 19 million metric tons of crude oil internationally.
PVOSN business has been contributing to affirming PVOIL’s position in the region and optimizing the value of petroleum products trading. In the beginning of 2016, PVOIL completed the sale of a 49% stake in PVOSN to a strategic partner Sebrina Holdings Ltd with a goal of developing PVOSN into a best-in-class trader in the region and the world.
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