Oil and gas service company makes debut

The PetroVietnam Services Joint Stock Company (Petrosetco), formerly known as PetroVietnam Tourism and Services JSC, opened for public on October 2.

Petrosetco, 51 percent of which is owned by the Viet Nam Oil and Gas Group (PetroVietnam), will invest in four main areas, including oil and gas services, ethanol production, gas-tank cover evaluation and real estate.

The company’s revenues are expected to reach over 2 trillion VND (125 million USD) in 2007, a 283 percent increase over last year.

VNA

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