PVOIL Laos and Shell Thailand signed the Agreement for sale and purchase of petroleum products

12.11.2018

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On November 11, at PVOIL (Ho Chi Minh City - Vietnam), PVOIL Laos and Shell Thailand held the signing ceremony of the Agreement for sale and purchase of petroleum products 2018 - 2021.

The signing ceremony of this agreement is an important milestone, marking a new chapter of cooperation between PVOIL Laos and Shell Thailand with new provisions, comprehensive support for business activities of both parties, bring high profitability and promote more effective warehousing and transportation between the two companies. In addition, the event confirmed the strong expansion in international cooperation of PVOIL in general and PVOIL Laos in particular in the regional market.

In a respectful, friendly and cooperative atmosphere, Mr. Le Trung Hung - Director of PVOIL Laos and Mr. Thada Chengkul - CEO of Shell Thailand signed the Agreement for sale and purchase of petroleum products between two parties in the witness of Mr. Cao Hoai Duong - President and CEO of PVOIL, Mr. Nguyen Anh Toan – Vice President of PVOIL cum Chairman of PVOIL and members of Board of Management, Board of Director of PVOIL.

Mr. Cao Hoai Duong congratulated the new development in the cooperation between PVOIL Laos and Shell Thailand, and confirmed that PVOIL always support and create favorable conditions for PVOIL Laos and Shell Thailand to treasure comprehensive cooperation, contribute to affirm the brand position of both sides in the regional market.

Mr. Thada Chengkul expressed his pleasure at the signing ceremony at PVOIL’s headquarters with the witness of PVOIL’s leaders and pledged to comply with the terms of the agreement, ensuring the prestige, quality and effectiveness of both parties.
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PVOIL Laos is located in Vientiane - Lao People's Democratic Republic, was established in December 2010 with the initial investment capital of more than 4 millions USD. Over 8 years of operation, PVOIL Laos has brought in profits of over 12 millions USD. With 122 petroleum stations equipped with PVOIL brand identity and distribution network of more than 200 agents, industrial customers, the PVOIL Laos brand is in 18 provinces of Laos and is one of the biggest petroleum companies which has the largest production volume in Laos.

Shell Thailand is the source of supply for PVOIL Laos for many years. Sources of supply of Shell are taken from Thailand Refineries, has been confirmed quality in the international petroleum market. In the process of cooperation, the two sides always have trust, support and comprehensive cooperation with each other, not only in the supply of goods but also exchange of information on the situation of the international petroleum market, experience managing petrol stores, management and operation of petroleum depots…