PetroVietnam to sell E5 in key cities

Vietnam National Oil and Gas Group’s (PetroVietnam) subsidiaries are gearing up to sell gasoline blended with 5% ethanol (E5) at fuel stations across the country. Petrochemical and Bio Fuel JS Co. (PVB), PetroVietnam Oil Corp. (PV Oil) and PetroVietnam Oil North Co. will sell E5 in fuel stations in Ho Chi Minh, Hanoi, Haiphong, Danang and Can Tho, as well as in Ba Ria-Vung Tau province. In related news, PetroVietnam has applied for a license to build a fuel depot in Quang Ninh province. Once the depot becomes operational, PV Oil will take over fuel distribution in the province. (July 31, 2009)