JXTG Nippon Oil and Energy Corp. (JXTG) has signed a memorandum of understanding (MoU) with Vietnam National Petroleum Group (PETROLIMEX) to carry out a feasibility study on a cooperative project utilising its Marifu Refinery in Japan.
As strategic partners, JXTG and PETROLIMEX have been conducting a joint study on multiple collaborative projects. This project will secure supply sources and outlets for petroleum products in the future international petroleum market, and thus it will be a significant step for both companies. They aim to complete the joint study by April 2019.
JXTG will continue to pursue a closer cooperative relationship with PETROLIMEX to develop new collaborative business opportunities.