VOV.VN - Mitsui of Japan is set to invest roughly JPY84 billion, equal to US$560 million, to develop a gas field in southern Vietnam under a project led by the Vietnam Oil and Gas Group (PetroVietnam), Nikkei Asia has quoted the Japanese trading house.
Vietnam's State-owned oil and gas giant Petrovietnam has defied rising market risks with a strong performance in the first two months of this year, recording a 19% year-on-year increase in turnover and a 5% growth in its contribution to the State budget.
The Petrovietnam Technical Services Corporation (PTSC), a subsidiary company of the Vietnam Oil and Gas Group (Petrovietnam), is deeply engaging in domestic and international offshore wind power projects thanks to its rich experience, strong resources and highly qualified personnel.
The Vietnam Oil and Gas Group (Petrovietnam) has recently signed a memorandum of understanding (MoU) on cooperation in renewable energy with Denmark’s Copenhagen Infrastructure Partners (CIP).
Prime Minister Pham Minh Chinh has assigned relevant ministries and agencies to remove any existing obstacles as soon as possible, thus providing unwavering support for the Vietnam Oil and Gas Group (Petrovietnam) to further develop and ensure national energy security.
Prime Minister Pham Minh Chinh has assigned relevant ministries and agencies to remove any existing obstacles as soon as possible, thus providing unwavering support for the Vietnam Oil and Gas Group (Petrovietnam) to further develop and ensure national energy security.
The PetroVietnam Exploration Production Corporation (PVEP) – a subsidiary of the Vietnam Oil and Gas Group (Petrovietnam) - has exploited 3 million tonnes of oil equivalent in the first 10 months of 2023, exceeding 14% of the planned target set by the group in 2023.
The Vietnam Oil and Gas Group (Petrovietnam) and its partners signed and started to implement the Block B – O Mon gas-to-power value chain project at a ceremony in Hanoi on October 30 with Prime Minister Pham Minh Chinh attending.
Vietnam and Algeria have potential for cooperation in trade, industry and energy, according to Minister of Industry and Trade Nguyen Hong Dien.
Vietnam Report and the online newspaper Vietnamnet have announced a list of the 500 most profitable companies (PROFIT500) in Vietnam in 2023.