Vietnam Oil and Gas Corporation (Petrovietnam) is currently negotiating a deal with potential investors including, JX Holdings, Inc., SK Holdings Co. Ltd. and Petróleos de Venezuela S.A. "After the negotiations, SK Energy is now the only company which is continuing [the talks] and calculating the [investment] option," PetroVietnam’s Chairman, Phung Dinh Thuc said on April 8, 2013. SK Energy said it had not held formal talks with PetroVietnam. "SK Energy is considering the project, but there has not been a formal proposal from PetroVietnam," said Yoo Jung-Min a Spokesman of SK Innovation. "The two firms are at an initial [stage]." Yoo Jung-Min added, "The Company is considering acquisition of foreign assets, and Dung Quat is one of them."

Hess Corporation and Petróleos de Venezuela S.A. (PDV) have put up their idled 350,000 b/d Hovensa refinery in the US Virgin Islands for sale. "[The governor] has agreed with the request of the Hovensa owners to extend the agreement one more to time to determine the timing of the sales process," spokesman Jean Greaux said. Hess and PDV have until March to figure out a sales plan which will be submitted to the USVI legislature for approval, Greaux said. Hovensa spokesman Alex Moorhead declined to comment on the USVI's announcement that the refinery would be sold, citing ongoing negotiations between the owners and the government. Platts reported that Hess and PDV spokesmen were not immediately available for comment.

Rafael Poveda, Ecuador's Minister Coordinator of Strategic Sectors said that China National Petroleum Corporation (CNPC) could acquire a 30% stake in Ecuador's Refineria del Pacifico project. Poveda told Dow Jones Newswires, "We are in talks for CNPC to have 30% stake in the project." Empresa Estatal Petróleos del Ecuador owns 51% and Petróleos de Venezuela S.A. (PdVSA) owns 49% stake in the refinery project. Poveda said that PdVSA will reduce its stake if Ecuador reaches an agreement with CNPC. Poveda expects to complete a formal deal with CNPC in the next three months. Poveda added, "It has been a long process due to the magnitude of funding needed, but we are making good progress in negotiations."