Skip to content
Subscriber Only

Vietnam Says Exxon Eyes Gas Power Plants In Boost to U.S. Trade

Exxon Posts 38 Percent Decline In Quarterly Profit

Photographer: Spencer Platt/Getty Images

Vietnam said Exxon Mobil Corp. is considering investments in the nation’s power sector, a move that would support trade with the U.S. and open a potential new frontier for the upstream-focused oil and gas major.

The Texas-based company is weighing stakes in two power plants and the gas import infrastructure to feed them, as well as in the oil refining sector, according to a post Thursday on a central government website, citing a phone call between Prime Minister Nguyen Xuan Phuc and Irtiza Sayyed, Singapore-based president of ExxonMobil LNG Market Development Inc.