From Reuters via Asia Financial, March 14:
PetroVietnam signed an MoU with to buy GE equipment for gas-fired power plants, plus deals with Conoco Phillips and Excelerate, while oil refiner Binh Son did a deal with Kellogg Brown & Root
Vietnamese leaders have scrambled to sign some big deals with the United States in a bid to reduce their trade imbalance with the US and the likelihood of punishing tariffs from the Trump administration.
Firms from Vietnam signed a series of energy and mineral agreements with American companies during a visit to the United States by Vietnam’s trade minister, according to state media and one of the firms on Friday.
Vietnamese companies are in talks to buy American crude oil and LNG, said state-controlled PetroVietnam Power, which is a signatory to one of the deals and has executives accompanying the minister on the trip.
Vietnamese trade minister Nguyen Hong Dien is in the United States to discuss trade cooperation, as the Southeast Asian country rushes to avoid reciprocal tariffs that the Trump administration has threatened globally to reduce America’s trade deficit.
Power plant equipment, oil, mineral deals
PetroVietnam Power in a statement said it has signed a memorandum of understanding with GE Vernova to buy GE equipment for gas-fired power plants.
It did not elaborate on the agreements signed, but said they valued at $4.15 billion. Reuters could not independently confirm that figure....
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