Saturday, June 16, 2007

Electricity, Oil and Gas Corporation make debut

The Viet Nam National Oil and Gas Group (PetroVietnam) rolled out a new subsidiary energy services company in Ha Noi, on June 15.

The Electricity, Oil and Gas Corporation has registered capital of 7.6 trillion VND and will be active in electricity production and services, investment in electricity projects, imports and exports of energy and materials.

Le Hong Tinh, General Director of the Electricity, Oil and Gas Corporation, said that the corporation is aiming to eventually churn out about 30-40% of the country’s total electrical output.

Source: VNA

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