SAV to audit PetroVietnam

The State Audit of Việt Nam will audit PetroVietnam and its seven subsidiaries. — Photo cafef.vn

HÀ NỘI — The State Audit of Việt Nam (SAV) has decided to audit the financial reports of Việt Nam National Oil and Gas Group (PetroVietnam).

The audit would take 60 days at the parent group and seven subsidiaries including PetroVietnam Technical Services Corporation (PTSC), PetroVietnam Power Corporation (PV Power), PetroVietnam Oil Corporation (PVOil), PetroVietnam Drilling and Well Service Corporation (PV Drilling), PetroVietnam Ca Mau Fertiliser Joint Stock Company (PVCFC), PetroVietnam Transportation Corporation (PV Trans) and Binh Son Refining and Petrochemical Joint Stock Company. The SAV would focus on assets, capital resources, revenue, spending and payments to the State budget.

In addition, it would also audit finance and accounting management works, financial investment, buying of assets, goods and services as well as the restructuring from 2016-20.

The audit delegation will include 35 people led by Lê Minh Nam, Deputy State Auditor General. — VNS

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