Tag: crude oil
Largest oil refinery on verge of shutdown due to financial difficulties
VOV.VN - The Nghi Son oil refinery and petrochemical plant (NSRP), the largest of its kind in Vietnam, is on the brink of closure due to financial difficulties.
Petrovietnam: 2021 mission accomplished ahead of schedule
The Vietnam Oil and Gas Group (Petrovietnam) has achieved many of its 2021 targets ahead of schedule, according to the Group’s regular meeting for December.
Ten-month state budget collection meets over 90% of estimate
Total state budget collection in the first ten months of 2021 fulfilled about 90.9% of the estimate and was up 5.5% year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.
Vietsovpetro sees plenty of room to further cut cost for production optimization
The Vietnam-Russia oil and gas joint venture Vietsovpetro has maintained production cost for a barrel of crude oil at less than US$30, the lowest among Vietnamese oil and gas producers, according to the firm.
PetroVietnam posts three-fold rise in pre-tax profits
The Vietnam Oil and Gas Group (PetroVietnam) reported that its pre-tax profit in the first eight months of the year surpassed the set plan by 177% and tripled the figure for the same period last year, reaching VND30.2 trillion (US$1.32 billion).
Eight-month trade deficit stands at US$ 3.71 billion
VOV.VN - The first eight month of the year saw Vietnam suffer trade deficit of US$3.71 billion, including US$20.36 billion from the domestic economic sector, according to figures provided by the General Statistics Office (GSO).
Singapore tops foreign investors in Vietnam over six-month period
VOV.VN - Singapore tops the list of a total of 80 countries and territories investing in the nation this year with investment reaching US$5.64 billion, trailed by Japan at US$2.44 billion, and the Republic of Korea at US$2.05 billion, according to the Ministry of Planning and Investment.
Oil and gas companies recover strongly in Q1 from last year's losses
Surging international crude oil price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.
Oil and gas companies expect good performance in Q1
Many Vietnamese companies in the oil and gas field might post positive results in the first quarter of 2021 thanks to the strong rally of crude oil in the international market.
Manufacturing, processing maintains strong growth in Q1
Vietnam’s industry grew 6.5% year on year in the first three months of 2020, with the manufacturing and processing sector expanding 9.45% and remaining as the main engine of the economic growth.
