The Vietnam National Oil and Gas Group (PVN) has exported 355 million tonnes of crude oil, worth US$145 billion, since the shipment of its first barrel from Bach Ho field in April 1987.
Vietnam must reach crude oil stock levels that are equal to no less than 90 days of net imports following the International Energy Agency (IEA)’s criteria by the year 2020.
The government’s goal to extract an additional 1 million tonnes of crude oil by the year’s end to meet its economic growth target is very challenging, according to Chairman of the Vietnam Oil and Gas Association (VOGA) Ngo Thuong San.
Vietnam’s export revenue in the first quarter of 2017 rose 12.8 percent against the same period last year to US$43.7 billion, according to the General Statistics Office of Vietnam.
VOV.VN - The Vietnam National Oil and Gas Group (PVN) produced about 6.45 million tonnes of crude oil in the first quarter of this year, exceeding its three-month plan by 5 percent.
Budget collections from crude oil exports in HCMC are expected to continue falling to VND12.4 trillion (US$546 million) this year, heard the city government’s conference on socio-economic tasks for 2017.
The Ministry of Industry and Trade has said that it could not find exact statistics about the annual consumption of petroleum products in Vietnam when it was drafting the program on the crude oil and petroleum product storage system.
The Vietnam-Russia joint venture Vietsovpetro expects to tap 5.04 million tonnes of crude oil as targeted this year, heard the 47th meeting of Vietsovpetro’s Council recently held in the southern province of Ba Ria – Vung Tau.
The Binh Son Refining and Petrochemical Company (BSR) will produce more than 1 million tonnes of products between now and the year-end, increasing its total yearly output to 6.91 million tonnes of products, 100,000 tonnes higher than the 2015 volume.
Some members of the National Assembly’s Finance and Budget Committee suggested the government increase monthly basic salary by 7 percent to VND1.3 million (US$59) in 2017 at the fourth session of the NA’s Standing Committee in Hanoi on October 17.
The Vietnam National Oil and Gas Group (PetroVietnam) plans to exploit 6.49 million tonnes of oil equivalent, including 3.88 million tonnes of crude oil and 2.61 billion cubic metres of gas in the remaining months of this year.
VOV.VN - The country’s exports in September is estimated to reach US$15 billion, down 6.8% compared to August, according to the latest statistics from the General Statistics Office of Vietnam (GSO).
Vietsovpetro, a Vietnam – Russia joint venture, held a ceremony in the southern province of Ba Ria-Vung Tau on August 12 to mark its 35th founding anniversary and 30 years since its first tonne of crude oil was exploited.
The Vietnam National Oil and Gas Group (PVN) earned US$11.3 billion in revenue and paid VND50.7 trillion to the State budget in the first seven months of this year.
The industrial production index rose 7.2% year-on-year in July, the General Statistics Office has announced.
Russian President Vladimir Putin has signed a federal law on ratifying the Agreement between the Russian and Vietnamese Governments on cooperation in geological survey and production of oil and gas in Russia within the framework of the joint venture Rusvietpetro.
The National Oil and Gas Group (PetroVietnam) garnered more than US$2.4 billion from selling 8.68 million tonnes of crude oil and condensate in the first half of this year, fulfilling 37.15% of the yearly target.
By the end of June, if the investor of the giant Nhon Hoi petrochemical project cannot finalize the investment plan, the authorities of Binh Dinh province will invite other investors or change the project.
The country generated more than US$67.7 billion from exports in the first five months of this year, surging 6.6% against the same period last year, according to the General Statistics Office (GSO).
A recovery in prices in April was not enough to prevent a sharp fall in Vietnam's oil revenues.