Oil and gas targets 38.7 billion USD in revenues

19/03/2007 -- 4:40 PM

Ha Noi (VNA) - The Viet Nam National Oil and Gas Group (PVN) targets an annual growth rate of 15 percent from now until 2015, as well as a revenue rising from 11 billion USD to 38.7 billion USD, according to the group's CEO Dinh La Thang. The group, as a parent company, will hold 100 percent of charter capital from six subsidiaries and half of the charter capital from 11 other affiliates in line with the recent Prime Minister's Decision stipulating the group's organisational and operational regulations. The group will also hold stakes in several other entities, including the Viet Nam Petroleum Institute (VPI), the Viet Nam-Russia Oil and Gas Joint-Venture (VietsovPetro) and the Oil and Gas College.-Enditem
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