PetroVietnam Gas Corporation (PV Gas), the biggest liquid gas supplier in Vietnam intends to sell 15-20 percent of its shares to foreign investors to earn US$600 million.

Chitrapongse Kwangsukstith, the chairman of PTT International Company Limited, a member of PTT Corporation in Thailand, said that his company pays a special attention to buying share of PV Gas.

His company is studying details of the PV Gas’s bid. PTT International will be the representative of PTT Corporation to take part in the bid. PTT International was established by PTT Corporation and is responsible for buying foreign companies’ shares.

Among companies which are interested in buying PV Gas’s shares are Conoco Phillips (in the US) and Oil and Natural Gas Corp Ltd (in India).

At the same time, Siam Cement Corporation revealed that the corporation ‘s plan to establish an oil chemical joint venture company can be delayed because the partners want to wait for further preferential investment policies from Vietnamese government.

The Thailand Plastic and Chemical Company, a member of Siam Cement, is planning to invest in the joint venture company along with a Japanese company, Vietnamese partners and Qatar Petroleum International.

By Hang Thuy