Qatar Petroleum International, Petrovietnam,Thai Plastic and
Chemicals Public Company Limited, Vietnam National Chemical Corporation
and SCG Chemicals Co., Ltd. have agreed to form a joint venture to build
a $4,000 million worth Long Son petrochemical project in Vietnam.
Qatar Petroleum International is a Qatar-based investment arm of Qatar
Petroleum, where as Petrovietnam is engaged in oil and gas exploration
and production; Vietnam National Chemical is a manufacturer of
chemicals, household products, and batteries; SCG Chemicals is a
manufacturer and supplier of a range of petrochemical products; and Thai
Plastic and Chemicals is engaged in the manufacture and distribution of
polyvinyl chloride polymer.
Both Vietnam National Chemical and
Petrovietnam are based in Vietnam, where as SCG Chemicals and Thai
Plastic and Chemicals are based in Thailand.
Under the terms of
the agreement, Qatar Petroleum International will invest $1,000 million
in the project for a 25% stake. The project will be managed by Long Son
Petrochemical, Ltd., in which PetroVietnam holds 18% stake, Vietnam
National Chemical (11%), SCG Chemicals (53%) and Thai Plastics and
Chemicals (18%).
Hi,Many sponsors require contract guarantees to be issued with Incorporation in Qatar through a local Qatari bank.Thanks.....
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