Tag: oil and gas
Vietnam, Russia to deepen comprehensive strategic partnership
VOV.VN - President Nguyen Xuan Phuc is paying an official visit to Russia from November 29 to December 2 at the invitation of Russian President Vladimir Putin, aimed at giving fresh impetus to the Vietnam-Russia comprehensive strategic partnership.
PetroVietnam completes oil exploitation plan for 2021 ahead of schedule
The Vietnam Oil and Gas Group (PetroVietnam) has reported that it has completed the target of 7.99 million tonnes of oil output set for this year, 42 days ahead of schedule.
State budget contribution of PetroVietnam expands by 21% of yearly plan
VOV.VN - The Vietnam Oil and Gas Group (PetroVietnam) contributed a total of VND75.4 trillion, equivalent of US$3.32 billion, to the State budget throughout the first 10 months of this year, an increase of 23% from the same period last year and a figure 21% higher than the yearly plan.
Solutions sought to deal with reduction in oil and gas production
Since 2015, Vietnam has seen consecutive declines in oil and gas output and exploitation plan. What're reasons behind the situation and solutions to the problem?
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.
Vietsovpetro to complete all goals for 2021 in September
The Vietnam – Russia oil and gas joint venture Vietsovpetro is likely to complete all of its yearly targets in revenue, profit and State budget payment right in September thanks to comprehensive and effective measures to promote production.
Fitch Ratings gives PV Power ‘BB’ rating with positive outlook
VOV.VN - Fitch Ratings has assigned PetroVietnam Power Corporation-Joint Stock Company (PV Power) a long-term foreign-currency issuer default rating (IDR) of 'BB', with a positive outlook moving forward.
Vietnam spends over US$1billion on petrol imports in Q1
VOV.VN - Vietnam spent more than US$1 billion on importing petroleum products, mostly from the Republic of Korea (RoK), Malaysia, Singapore, and Thailand during the first quarter of the year, according to data released by the Ministry of Industry and Trade.
PVEP’s contribution to State budget 41% higher than plan in Q1
The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has surpassed all of its business goals in the first quarter of 2021, with contribution to the State Budget particularly 41% higher than the year’s plan.
Oil and gas output of PVEP beats 2.88 million tonnes over nine-month period
VOV.VN - The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), exploited 2.88 million tonnes of oil equivalent during the first three quarters of the year, exceeding the set target by 1%.
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