On December 6, 2013, Vietnam Oil and Gas Group (PVN) signed a contract to transfer capital contributions from PVN’s member units at Phuoc An Port Investment and Exploitation Petroleum Joint Stock Company (PAP), including: Petroleum Technical Services Joint Stock Corporation (PTSC) 25 million shares, Vietnam Oil Corporation – One Member Limited Liability Company (PV Oil) 5 million shares and Petroleum Machinery and Equipment Joint Stock Company (PV Machino) 5 million shares. Accordingly, Vietnam Oil and Gas Group holds a total of 35 million shares at PAP, equivalent to 79.54% of PAP’s charter capital.
