Petrolimex and ENEOS sign fuel supply cooperation memorandum

Vietnam’s Petrolimex said it signed a memorandum of understanding with Japan’s ENEOS in Tokyo on November 9 to broaden fuel supply options for Vietnam. If supply is threatened, the companies could look for alternative suppliers and coordinate shipping and distribution, subject to market conditions, legal requirements and their ability to supply fuel.

Petrolimex said the memorandum also covers exploring cooperation on lower-emission fuels and petrochemicals. Any specific supply transaction or project would require a separate agreement. The company announced no shipment volumes or delivery dates. [evidence-1]