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./.