Vietnam National Oil and Gas Group (PetroVietnam) has lately issued the document approving PetroVietnam Gas Corp (PVGas) to list shares on southern bourse in the earliest time after making its initial public offering (IPO). As scheduled, PVGas will close the list of participants in first auction session on November 10, and officially hold the auction at 9:00 on November 17 on Hochiminh Stock Exchange (STC).
There will be 14 world-leading petroleum firms and financial investment funds to participate in negotiations to become PVGas’ strategic investment partners.
PVGas announced to gain accumulative after tax profit in Jan-Sep of 3.911 trillion dong, surpassing the year plan. The corporation has fulfilled the target of importing 1 billion tonnes of LPG, counting for the largest market shares nationwide.
There are 18 multinational banks interested in offering funds for the corporation in O Mon – Plot B pipeline network project that was expected to be completed in 2014.