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Abu Dhabi group approves deal worth USD150m with PV Oil

27 Jul 2017

(MENAFN) Abu Dhabi-based Baron Point Petroleum Services Company (Baron Point Petroleum) posted that it has finalized a contract with national oil and gas company PetroVietnam Oil Corporation (PV Oil) to invest, construct as well as direct petroleum product pipelines and storage space in the country.

According to the firm, Baron Point Petroleum is majority possessed by Sheikh Khalifa Bin Khalid Bin Ahmed Al Hamed, in joint venture with an accomplished team of senior managers and experts headed by managing partner and chief executive James Philip Coppola III.

Moreover, expansion prospects for the Bonded Terminal System involve offtake of advanced fuel in markets like Vietnam, Cambodia, the Philippines, Myanmar, Indonesia as well as Singapore.

MENAFN2707201700450000ID1095662627

MENAFN2707201700450000ID1095662627

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