The leader of major global oil and gas group Aramco has expressed an interest in investing in Vietnam, particularly in building petrochemical plants, during a meeting with Prime Minister Pham Minh Chinh in Riyadh, Saudi Arabia, on October 19.
The meeting took place as part of the Prime Minister’s trip to Saudi Arabia to attend the Association of Southeast Asian Nations (ASEAN) - Gulf Cooperation Council (GCC) Summit and pay an official visit to the country.
Executive Vice President of Aramco Yasser M. Mufti proposed that the Vietnamese Government create conditions for Aramco to invest in the country, firstly permitting the group’s technical team to come to survey the market.
Prime Minister Chinh welcomed Aramco’s investment plan, especially in major petrochemical projects and cooperation in the trading of oil, gas, and petrochemical products such as crude oil, liquefied gas, plastics, and fertilizers.
He called on Aramco to provide the conditions for the Vietnam Oil and Gas Group (PetroVietnam) to participate in supplying oil and gas services in Saudi Arabia, seek large projects to jointly invest in, and assist with training oil and gas human resources.
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