The Vietnam National Oil and Gas Group (PetroVietnam) and the Siam Cement Group (SCG) of Thailand have just signed an agreement on accelerating the progress of a petrochemical project in southern Vietnam.
Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes.
The PetroVietnam Power Corporation (PV Power), the country’s second-biggest power provider, will offer 20% of its total shares for sale at an initial public offering (IPO) in December.
The Republic of Korea (RoK)’s Hyundai Engineering and Construction Company (HEC) has won a US$320 million contract to build facilities at the Long Son Petrochemical Complex.
VOV.VN - Thai based construction material conglomerate, Siam Cement Group, together with PetroVietnam have unveiled plans to joint venture a US$5.6 billion petrochemical complex.
The Vietnam National Oil and Gas Group (PetroVietnam) produced 9.23 million tonnes of oil in the first seven months of 2017, the group reported to Prime Minister Nguyen Xuan Phuc in Hanoi on August 5.
VOV.VN - Tokyo Gas Asia Pte Ltd, a wholly owned subsidiary of Tokyo Gas Co, Ltd, has acquired a 24.9% equity interest in PetroVietnam Low Pressure Gas Distribution JSC, a subsidiary of the PetroVietnam Gas JSC.
Trinh Xuan Thanh, former Chairman of the PetroVietnam Construction Corporation (PVC), gave himself up to the Investigation Security Agency under the Ministry of Public Security after nearly one year of evading international arrest warrant, the ministry reported on July 31.
Representatives of the PetroVietnam Securities Incorporated (PSI) and the Vinacomin Power Holding Corporation told an investors’ conference on July 26 that they were encouraged by investors’ interest shown in purchasing Vinacomin shares.
The Vietnam National Oil and Gas Group (PetroVietnam or PVN) is striving to fulfil the target of exploiting 13.28 million tonnes of crude oil and 10.61 billion cu. m of gas in 2017, PVN Deputy Director Do Chi Thanh said at a conference in Hanoi on July 13.
The Vietnam National Oil and Gas Group (PetroVietnam) has decided to form teams to handle its loss-making projects since the snail-pace progress of the process has displeased the Government.
Ho Tram Project Company (HTP) and PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PVGasD) has inked a memorandum of understanding that will see the Ho Tram Strip move to cleaner, greener and more efficient power within the next 15 months.
PetroVietnam Power Corporation (PV Power), a wholly-owned subsidiary of the state-owned energy giant PetroVietnam, said it will sell a 49% stake late this year with priority given to strategic investors.
Vietnam will replace RON 92 petrol with E5 bio-fuel from the beginning of next year.
Vietnam’s National Oil and Gas Group (PetroVietnam) earned total revenue of VND 204.8 trillion (US$9.06 billion) in the first five months of 2017, 13.4% higher than targeted, reported Vietnam News Agency.
Oil and gas giant PetroVietnam and the US General Electric International (GE) Group will cooperate in developing two gas-fired power plants, No.1 and 2 in the central province of Quang Nam, using gas from the Ca Voi Xanh (Blue Whale) gas field.
Vietnamese petroleum companies have enough time to build facilities and develop networks to prepare for competition with foreign distributors once Vietnam opens the petroleum market, experts say.
Dinh La Thang, a Politburo member and Secretary of the Ho Chi Minh City Party Committee, has received an official warning and has no longer been part of the Politburo of the Party Central Committee for his past financial wrongdoings as head of the National Oil and Gas Group (PetroVietnam).
Higher fuel quality requirements have perplexed Vietnam’s major oil refineries.
A gas processing plant in U Minh district of the southernmost province of Ca Mau, designed with a capacity of 6.2 million cubic metres per day, will finish trial operations and begin commercial production in June 2017.