Vietnam Contacts Sinopec to Form Joint Venture for $4.5 Billion Petrochemical Complex and Refinery

BEIJING--August 6, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Vietnam National Petroleum Corporation (Petrolimex) (Hanoi, Vietnam) is reported to have contacted China Petroleum & Chemical Corporation (NYSE:SNP) (Sinopec) (Beijing) to form a joint venture to build an estimated $4.5 billion petrochemical complex and refinery in Vietnam, according to a Reuters report.