PetroVietnam to buy Shell Laos
Dec 17, 2009 01:00 AM
The PetroVietnam Oil (PV Oil) Corporation will own 100 % of Shell Laos as part of PV Oil's strategy to develop its
market to regional countries, including Cambodia and Laos.
The shares include 0.06 % owned by individuals that were committed by Shell group and not to be influenced to
business management of PV if those individuals do not transfer their shares.
PV Oil was established in June 2008 by merging the PetroVietnam Trading Corporation (Petechim) and the Oil Processing and Distribution Company (PDC), both were subsidiaries of the Vietnam National Oil and Gas Group (PetroVietnam).
