Petronas Inks Heads Of Agreements With PETROVIETNAM

Petroliam Nasional Berhad (PETRONAS) recently signed a binding Heads of Agreement (HoA) with Vietnam Oil and Gas Group (PETROVIETNAM) for the sales and purchase of additional gas from Block PM3 CAA, Malaysia to Ca Mau Province, Vietnam, in support of the country’s plan to spur its economic growth in its South West region.

The HoA was signed on 15 March at the Gem Centre in Ho Chi Minh, Vietnam. Signing on behalf of PETRONAS was Vice President of Malaysia Petroleum Management (MPM), Muhammad Zamri Jusoh while PETROVIETNAM was represented by its Vice President, Nguyen Quoc Thap.

Speaking at the event, Zamri said: “The signing of today’s agreement is a testimony of PETRONAS’ commitment to support the gas industry growth as well as boosting the socio-economic growth for both Malaysia and Vietnam.”

“This agreement also further enhances our long-term partnership with Vietnam and we look forward to a continued collaboration,” he added.

Also attending the ceremony were Chairman of PETROVIETNAM Tran Sy Thanh, representatives from the Government Office, Committee for Management of State Capital at Enterprises (CMSC), Ministry of Industry and Trade (MOIT) and PETRONAS Senior Vice President and Group General Counsel Maliki Kamal Mohd Yasin. — Bernama

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