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PETROVIETNAM CHEMICAL AND SERVICES CORPORATION

PVChem’s sale of 36,000 tons of sulfur

Petrovietnam Chemical and Services Corporation (PVChem) has exported/sold 36,000 tons of sulfur to Chinese and domestic customers. This is a great effort of PVChem to maintain stable business operations in the difficult situation due to the double impact from the COVID-19 pandemic and the sharp drop in oil prices.

Particularly for the consumption of the whole sulfur volume signed long-term with ADNOC, PVChem has made efforts to implement a series of necessary procedures and facilities to ensure the smooth circulation of goods, from import to export and sale.
In addition to the sulfur offtake agreement with its partner ADNOC, PVChem also won the tender for a spot shipment of 11,000 tons in June 2020. This helps PVChem increase revenue and profit, affirm its reputation in the market, and create opportunities for long-term cooperation with domestic and international partners and customers.
By the end of July 2020, PVChem has completed 62% of its 2020 sulfur business plan.
 


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