HANOI/TOKYO -- JXTG Nippon Oil & Energy's project to build an oil refinery in southern Vietnam faces cancellation, it was learned Monday, with concerns related to a potential supply glut driving the Japanese company's local partner to back out.
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Vietnam partner pulls out of Japan-supported refinery
State-owned Petrolimex reluctant on project with JXTG amid oversupply concerns
A man pumps gasoline at a service station in Hanoi run by Vietnam's top fuel importer and distributor Petrolimex. © Reuters
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