Oil and gas maintenance company debuts
The Petrovietnam Maintenance and Repair Joint Stock
Company (PMC) made its debut in the central city of Quang Ngai on
August 24.
The Petrovietnam Maintenance and Repair Joint Stock
Company (PMC) made its debut in the central city of Quang Ngai on
August 24.
PMC has a statutory capital of 50 billion VND (2.7 million USD) from six share holders, including the Petroleum Technical Services Corporation (PTSC), which holds the biggest amount of shares.
PMC is expected to ensure the country’s Dung Quat Oil Refinery operates effectively, which is also located in Quang Ngai province.
PMC is only the second company in the country to provide such a service. The only other operator in the country was PTSC Offshore Services, a member of PTSC, which now operates in the southern region and Vietnam ’s southern continental shelf.
At the ceremony, PTSC signed a 60 million USD EPC contract with the central region’s Oil and Gas Bio Fuel Joint Stock Company for a project to produce bio-ethanol.
PSTC will work with India ’s Alfa Laval to carry out the project in an estimated 18 months./.
PMC has a statutory capital of 50 billion VND (2.7 million USD) from six share holders, including the Petroleum Technical Services Corporation (PTSC), which holds the biggest amount of shares.
PMC is expected to ensure the country’s Dung Quat Oil Refinery operates effectively, which is also located in Quang Ngai province.
PMC is only the second company in the country to provide such a service. The only other operator in the country was PTSC Offshore Services, a member of PTSC, which now operates in the southern region and Vietnam ’s southern continental shelf.
At the ceremony, PTSC signed a 60 million USD EPC contract with the central region’s Oil and Gas Bio Fuel Joint Stock Company for a project to produce bio-ethanol.
PSTC will work with India ’s Alfa Laval to carry out the project in an estimated 18 months./.
You should also see
PM requires full legal corridor to promote national digital transformation
Prime Minister Pham Minh Chinh on April 24 requested more efforts to step up institutional improvement, create a full legal corridor to promote national digital transformation and develop the digital economy while addressing the eighth meeting of the National Committee for Digital Transformation.
See more
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
