Siam Cement, Qatar sign Vietnam petchem deal

Siam Cement, Thailand's largest industrial conglomerate, said on Wednesday it had signed a deal with Qatar Petroleum to invest in a petrochemical complex in Vietnam worth about $3.5-4.0 billion.

Under the framework agreement, Vietnamese partners including Petrovietnam and Vinachem would hold 29 percent of the project, while the remaining 71 percent would be held by non-Vietnamese partners, including Siam Cement, Qatar Petroleum International and a trading firm, it said in a statement.

thanhnien, reuters

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