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PVT - Core stable, no more carried-over FX loss - Visit Note

PVT is the sole crude oil transporter and a subsidiary of PetroVietnam Group. At the moment PVT exclusively delivers 100% crude oil materials to Dung Quat refinery and 50% of Dung Quat output. Transportation accounts for 60-70% of total sales. PVT’s customer base includes international firms such as Shell, Exxon Mobil, BP, LG, Caltex.