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Petrosetco – PetroVietnam General Services Corporation October, 2007

Petrosetco – PetroVietnam General Services Corporation October, 2007. Table of Contents. PetroVietnam and PetroSetco in brief PetroVietnam Petrosetco Our Business Financial Performance New Business Discussions. PetroVietnam Group is Vietnam’s national oil and gas company.

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Petrosetco – PetroVietnam General Services Corporation October, 2007

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  1. Petrosetco – PetroVietnam General Services CorporationOctober, 2007

  2. Table of Contents • PetroVietnam and PetroSetco in brief • PetroVietnam • Petrosetco • Our Business • Financial Performance • New Business • Discussions Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  3. PetroVietnam Group is Vietnam’s national oil and gas company Key facts and figures Entrusted to exclusively develop Vietnam’s oil and gas resources; Vietnam ranks among the Top in oil and gas resources across South-East Asia; With over 20M tons oil produced in 2006, Petrovietnam ranks 31st in the world and 3rd in South-east Asia ; In 2006 Petrovietnam generated $ 8.8B revenues and contributed $ 4.7B (28.5%) to Vietnam’s state budget; PetroVietnam has a total of over 20,000 employees working in over 30 subsidiaries and related entities Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  4. PetroVietnam Group includes over 30 subsidiaries and affiliated entities Petrovietnam’s main subsidiaries • Vietnam Petroleum Institute (VPI)4 • Petroleum Information Center (PIC) • Petrovietnam Gas Company (PVGAS) • Petrovietnam Finance Company (PVFC) • Petrovietnam Trading Company (PETECHIM) • Petroleum Technical Services Company (PTSC) • Petrovietnam Manpower Training College (PVMTC) • Petrovietnam Insurance Company (PV Insurance) • Petrovietnam Investment Consultancy ConstructionCompany (PV Engineering) • Petroleum Exploration & Production (PVEP) • Petrovietnam General Services JSC (PETROSETCO) • Petrovietnam Oil Processing and Distribution Company (PDC) • Petrovietnam Drilling & Well Services Company (PV Drilling) • Petrovietnam Investment and Development Company (PIDC) • R&D center for safety and Environment (RDCPSE) • R&D Center for Petroleum Processing (RDCPP) • Petrovietnam Engineering & Construction Company (PVECC) • Drilling Mud Company (DMC) • Petrovietnam Transportation Company (PV Trans Co) • Petrovietnam Fertilizer and Chemicals Company (PVFCCo) • Subsidiaries and related entities have different corporate structures • Some are wholly-owned by PetroVietnam • Some are organized as joint ventures with a foreign investor • Some are joint-stock companies with 51% shares held by PetroVietnam, and the remaining traded on the stock market (e.g. PetroSetco) Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  5. Petrosetco – PetroVietnam General Services Corporation • Chairman: Tran Cong Tao, Ph.D. in Geology, France • CEO: Nguyen Huu Thanh, MBA • Chief Accountant: Le Khiem • Controller: Nguyen Hong Thao Head Office: 12AB Thanh Da, Binh Thanh Dist, HCMC Website: www.petrosetco.com.vn Email: petrosetco@hcm.vnn.vn Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  6. PetroSetco: Basic facts • Founded in 1996 by merging a number of divisions within PetroVietnam; focusing on catering for the oil and gas industry in Vietnam; • Started to diversify business in 1998; • Became a Joint Stock Company in Sept., 2006; • Become a listed company in Sept. 12, 2007; • Currently PetroSetco has 1,400 employees; • Revenue 2006: VND 617 bln (USD 40 mln) • Revenue 2007 (est.): VND 2,000 bln (USD 125 mln) • Revenue 2008 (est.): VND 4,000 bln (USD 250 mln) Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  7. PetroSetco became a joint-stock company since September 2006 and a listed company in September 2007. Petrosetco shareholders structure (%) Joint-stock structure implies increased transparency and accountability • Board of directors and control committee established with supervisory responsibilities • Chairman of the Board active in full-time capacity • Legal obligations to provide full transparency over financials to shareholders • PetroSetco under full public scrutiny and auditing activities • Constant pressure from financial markets and current shareholders to improve business performance • Pressure to increase revenues and size of the company while remaining profitable • PetroSetco has full P&L responsibility • All commercial decisions are taken fully independent from PetroVietnam Petrosetcoemployees 6 PetroVietnam Other investors 33 51 10 PV Financing Company Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  8. New Issue of shares at HCMC stock exchange market • Number of new shares: 30,000,000 • Price per shares: VND 10,000 • Allocation of shares: • Existing shareholders: 22,723,500 shares • Treasury shares (stock options) 1,276,000 shares • (November 11) • Public auction: 6,000,000 shares • (expected in January 08) • Charter capital will then be VND 553,3 bln Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  9. PetroSetco became a holding company in October 2007 • Petrosetco is now a holding company. By January 1, 2008 its current business units will be organized into 9 fully independent business companies; • Main businesses include: • Real estate development; • Bio-fuels production and distribution; • Production of LPG Cylinder and high-pressured equipment; • Oil and Gas services; • Distribution of mobile telephones and telecommunication devices • Trading and logistics. Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  10. Table of Contents • PetroVietnam and PetroSetco in brief • Our Current Business • Financial Performance • New Business • Discussions Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  11. Oil&gas Services Production PV Gas Cylinder Setco Bio-fuels Setco Quang Ngai Setco Land Real Estate Setco Saigon Setco Branch Ha Noi Setco Trading & Logistics PV Telecom Trading & distribution PetroSetco Holding Structure Setco Vung Tau Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  12. Oil & Gas Services • Setco Vung Tau: • Off-shore services: serving the drills • On-shore services: Accommodation, logistics • Sea food processing • Setco Quang Ngai: • Servicing Dung Quat Oil refineries • Hotel and Apartments • Distribution of Dung Quat Oil refineries • Setco Saigon: • Travel • Labor export • Trading Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  13. Trading, Distribution and Production • Setco Trading: • Import and distribute spare parts for the oil and gas sector • Distribute fertilizers • Export agricultural products (cassava chips, coffee, pepper) • PV Telecom: • Distribution of NOKIA mobile handsets • PV Gas Cylinder • Production of LQG cylinders • Maintenance Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  14. Table of Contents • PetroVietnam and PetroSetco in brief • Our Business • Financial Performance • New Business • Discussions Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  15. PetroSetco: financial indicators VND billions Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  16. PetroSetco: financial indicators 2007, 3rd Quarter VND billions Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  17. Table of Contents • PetroVietnam and PetroSetco in brief • Our Business • Financial Performance • New Business • Bio-fuels • Real Estate • Discussions Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  18. Bio-fuels: the world market World Ethanol Production Others India Billions liters EU China USA BRAZIL Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  19. Bio-fuels: the world market World Ethanol Export Other C. Rica- Jamaica S. Arabia China S. Africa USA EU Brazil Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  20. Bio-fuels: Vietnam Market Potential tons Demand of bio-fuels can be estimated using data on consumption of gasoline and diesel Source: ministry of Industry and Trade Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  21. Market Analysis: Projected Domestic Demand for Bio-fuels Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  22. Distribution channel Foreign supplier Level 1 Level 2 Distributor Distributor Gas station Level 3 Gas station Gas station Consumers Consumers Consumers Consumers Level 4 Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  23. Market Analysis: Domestic Market Future distribution channel of gasoline and bio-fuels Bio-diesel Mills Production Ethanol mills Foreign supplier Dung Quat refinery Level 1 Level 2 Blending Distributing Distributor Distributor Retailing Gas station Level 3 Gas station Gas station Consumer Consumer Consumer Level 4 Consumer Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  24. Distribution Market share: gasoline and diesel The calculations of future market share assuming that by 2010 whenDung Quat refinery starts production, the products will displace imported gasoline and will be distributed by PetroVietnam subsidiaries only. Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  25. Ethanol Feedstock: Cassava Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  26. Ethanol Feedstock: Sugarcane Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  27. Ethanol Feedstock: Corn Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  28. Total feedstock for Ethanol produciton Thousand liters Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  29. Feedstock Analysis: Bio-diesel Jatropha Cottonseed Palm Oil Catfish oil Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  30. Bio-diesel Feedstock, Jatropha Areas that can grow Jatropha Areas that can grow African palm oil Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  31. Bio-diesel Feedstock, Jatropha Areas that can grow Cotton Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  32. Bio-diesel Feedstock, Jatropha Areas that farms catfish. Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  33. PetroSetco Bio-fuels Program: our goals Become the leading renewable energy corporation in the business of production and distribution of bio-fuels in Vietnam: 60% of the market shares by 2015 Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  34. Petrosetco Bio-fuels Program: our targets Phase 1: 2010 Phase 2: 2012 Phase 3: 2017 Ethanol: 2 plants using cassava as feedstock Product is for export market. Bio-diesel: 1 plant using animal fat Product for domestic market Extending to ethanol plants using sugarcane Products for both export and domestic markets Bio-diesel plants: 2 Mainly for domestic markets Ethanol plants; Bio-diesel plants; Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  35. Setco Bio-fuels Program: our targets Phase 1: 2010 Phase 2: 2012 Phase 3: 2017 Production of Ethanol: 2 factories Plantation of Jatropha Transportation/Logistics Bio-diesel: 1 plant Vietnam’s Leading Green Energy Company Serving Vietnam and Export markets; Complete value chain from supplies, production and distribution. Production of Ethanol and Bio-diesel; Feedstock supply management for cassava, sugar and oil seeds Transportation/Logistics; Blending and Distribution Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  36. PetroSetco’s Bio-fuels Program: Bio-fuels Bio-ethanol Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  37. PetroSetco’s Bio-fuels Program: Bio-fuels Bio-diesel Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  38. PetroSetco’s Bio-fuels Program: Bio-fuels Investment costs Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  39. 1 Ethanol Plant using corn as feedstock Central South PetroSetco’s Bio-fuels Program North 2 Ethanol Plants using cassava; 1 Ethanol plant using corn; 1 Ethanol Plant using sugarcane; 2 Bio-diesel Plants using Jatropha1 Bio-diesel Plants using cottonseed 2 Ethanol Plants using cassava; 2 Ethanol Plants using rice; 2 Ethanol Plant using sugarcane; 1 Bio-diesel Plant using Jatropha1 Bio-diesel Plant using animal fat Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  40. Setco Bio-Fuels Organization Setup PV Gas Cylinder Setco Bio-fuels Setco Vung Tau Setco Quang Ngai Setco Land Setco Saigon Setco Branch Ha Noi Sectco Trading & Logistics PV Telecom Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  41. Setco Bio-Fuels Organization Setup PetrosetcoForeign Business partnerDistribution Company Equity fund Setco Bio-fuels open Binh Dinh Plant Dong Nai Plant Hoa Binh Plant More Plants open PetrosetcoForeign Business partnerLocal feedstock company Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  42. Real Estate: Project Information Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  43. Setco Tower, Thanh Da, HCMC • Site Area :19,365 m2. • Total floor area : 200,000 m2 • Invested capital : 120 mln USD • Usage: Office Building and Apartment Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  44. Setco Building, Tran Khac Chung Street, Vung Tau City • Site area 1,850 sqm. • Construction density: 60% • Total floor area: 20,000 sqm. • Invested capital : USD 12.5 mln • Usage: Condominium and office • Timing: 2008-2010 Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  45. Setco Tower, Quang Ngai • Site area : 3,590 sqm. • Construction density: 46% • Total floor area : 8,000 sqm. • Invested capital : USD 3 mln • Usage: Condominium, hotel and office • Timing: 2007-2008 Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  46. Setco Tower, Truong Cong Dinh Street, Vung Tau City • Site area : 1,500 sqm. • Construction density: 60% • Total floor area : 15,000 sqm. • Invested capital : USD 9.4 mln • Usage: Condominium • and office • Timing: 2008-2010 Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

  47. Table of Contents • PetroVietnam and PetroSetco in brief • Our Business • Financial Performance • New Business • Discussions Pham Anh Tuan, Petrosetco, 0913228124, tuan.pa@petrosetco.com.vn

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