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PetroVietnam to cut its stake in PV Gas to 65% from 95%

More state-owned companies are to go on the block by 2020

LPG tanks at a PV Gas distribution station

HO CHI MINH CITY -- The Vietnamese government expects to reduce its ownership in PetroVietnam Gas, or PV Gas, to 65% from more than 95% between 2018 and 2019, following the announcement of a massive restructuring at PetroVietnam, the parent company of the big Vietnamese gas wholesaler.

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