FINALISING THE PREPARING ACTIVITIES FOR DZUNG QUAT OIL REFINERY

To timely meet the operation of Dzung Quat Oil Refinery which begin in Febuary 2008, on 16th June 2008, PVOil and Dzung Quat Oil Refinery Project Management Board signed a three billion USD contract in which PVOil is the partner providing inbound crude oil and delivering all outbound product oil for Dzung Quat Oil Refinery in the year of 2009.

New member of PVTrans's fleet

Last week, PVTrans Petro JSC, a subsidiary of PVTrans, signed to purchase the 33,425 DWT product tanker named “Chem Tulip” which will be renamed “PVT Eagle”. This is the 5th oil tanker of PVTrans’ fleet.