Petrovietnam's refinery unit to buy at least 2 million barrels of crude oil a year from ExxonMobil Asia Pacific 

By Reuters News

HANOI, Sept 30 (Reuters) - Petrovietnam Refining and Petrochemical Corp BSR.HM, also known as BSR, will buy at least two million barrels of crude oil a year from ExxonMobil Asia Pacific, its parent company Petrovietnam said on Wednesday, citing details of a deal signed between the two companies last week.

The value of the crude oil will be between $120 million and $200 million a year, depending on market prices, Petrovietnam said in a statement.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.