ASIA: Meeting outlines solutions to develop oil and gas services by 2010

The Viet Nam Oil and Gas Group (PVN) discussed solutions to develop oil and gas services from now to 2010 at a meeting in southern coastal Vung Tau city on March 23.

The solutions include investing in building more services centres, transport ships, oil pipelines and storage, modernising technology, developing management skills, and increasing cooperation.

The group targets a revenue of 54.4 trillion VND (3.4 billion USD) from services by 2010, equivalent to 26.7 percent of the sector's total turnover.

Last year, the oil and gas sector earned more than 27.6 trillion VND (1.7 billion USD) from services, a year-on-year increase of 53 percent. Development is geared towards financial, insurance and oil and gas transport services.

Vietnam Times