In a significant development for Vietnam-US energy cooperation, Petrovietnam’s deputy CEO Le Manh Cuong recently held discussions with ExxonMobil’s Asia-Pacific Senior Director of International Government Relations, Peter R. Lavoy, during a high-level meeting in Hanoi.
The strategic dialogue centred on expanding bilateral cooperation in energy investment and commercial trade, with both organisations reaffirming their commitment to deepening their partnership. Key areas of focus included establishing long-term crude oil supply agreements for the Dung Quat Refinery (BSR) and exploring ExxonMobil’s potential investment in a large-scale petrochemical complex within Vietnam.
During the meeting, Petrovietnam highlighted its preparedness to facilitate ExxonMobil’s investment evaluation processes. The Vietnamese energy giant emphasised its ability to leverage existing infrastructure and draw upon the operational expertise of its subsidiaries to support potential collaborative ventures.
The engagement represents a pivotal moment in Vietnam-U.S. energy relations, signalling enhanced prospects for bilateral trade expansion and contributing to the development of a more sustainable energy framework for the broader region. This collaboration underscores both companies’ strategic vision for long-term partnership in the evolving Asia-Pacific energy landscape.
The discussions reflect growing international confidence in Vietnam’s energy sector capabilities and its role as a key player in regional energy security and development initiatives.
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