Petrolimex suffers losses

Vietnam National Petroleum Corp. (Petrolimex) said it suffered a loss of VND200 billion (US$12.4 million) from petrol sales in the first six months of 2007. The company said the loss is a result of soaring global oil prices during the period. Petrolimex imported roughly four million cubic meters of petrol. Petrolimex holds a 60% share of the Vietnamese petroleum market. (July 5, 2007)