Petrolimex (PLX), formally the Vietnam National Petroleum Group, is an industry group in Vietnam. Besides working in petroleum and natural gas, the company has significant subsidiaries active in the fields of insurance, transport and trading. It, in competition with PetroVietnam (PVN), is Vietnam's leading oil and gas producing company.[2][3] The company's main offices are located in Hanoi.
History
The Vietnam National Petroleum Corporation was initially created in January 1956 under the name Vietnam National Petroleum Corporation, set up by decree of the minister of commerce.
In July 2011, Petrolimex sold 2.56% of its shares in an IPO, raising $20 million, with the state still holding 94.99% of the capital.
In December 2015, Petrolimex (via its subsidiary Petrolimex Nepal) delivered its first batch of aviation fuel (39,800 litres).[4]