Under the new contract, the group will be providing long term daily maintenance services for the entire NSRP Complex. This US$9 billion ($12.7 billion) project is the largest integrated refinery and petrochemical project in Vietnam with a refining capacity of 10 million tons per year.
The contract, whose value was not revealed, is not expected to have a material impact on the earnings per share or net tangible assets per share of the group for the financial year ending June 30 2017.
Shares of PEC closed 1 cent lower at 55 cents.