Castrol, BP extend joint venture with Petrolimex for 20 years

Wednesday, Dec 08, 2021 06:00

Castrol, BP and Petrolimex extend their joint venture for another 20 years at an online event on December 6. — Photo courtesy of Petrolimex

Castrol, BP and the Viet Nam National Petroleum Group (Petrolimex or PLX) have extended their joint venture for two more decades starting in 2022.

Under the renewal agreement they signed at an online ceremony on December 6, they will continue to operate as Castrol BP Petco Co. Ltd.

Founded in 1992, it is one of the leading lubricant manufacturers in the country and has consistently been among the top 100 foreign taxpayers since 2012. — VNS

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