In Vietnam, a wholly owned subsidiary of PetroVietnam, PV Oil, is looking to negotiate with Itochu and Licogi 16 for their 71% share in a in an ethanol joint venture in Binh Phuoc. PetroVietnam had previously rejected by out the majority participation in the $80 million facility. PV Oil is looking to sell its shares in Central Biofuels JSC partly to help mobilize capital for acquisitions.
Category: Fuels