Vietnam may rely on West African crude oil as domestic output falters: S&P
Nigerian and Angolan grades are seen as cheaper than Southeast Asian oil.
Nigerian and Angolan grades are seen as cheaper than Southeast Asian oil.
Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%.
Under the agreement signed on November 30, Vietnam will import 5 million barrels for the first half of 2020.