A landmark US$6 billion investment agreement was signed in Ho Chi Minh City on May 19, uniting Vietnam’s KOGI Group, Japan’s Mazda Oil Corporation, and several Middle Eastern conglomerates in an effort to bolster green industrial production and energy infrastructure in southern Vietnam.

The Vietnam Oil and Gas Group( Petrovietnam) Exploration Production Corporation (PVEP) on July 14 signed contracts to supply crude oil to the Dung Quat Oil Refinery, and supply and consume gas from Ky Lan field.

Since the Dung Quat Oil refinery – the first in Vietnam - was put into operation in 2009, it has served as a booster for the Dung Quat Economic Zone and the central province of Quang Ngai as a whole to lure both domestic and foreign investments.

VOV.VN - Nghi Son Refinery and Petrochemical LLC (NSRP), the largest oil refinery in Vietnam, has resumed its normal operation on October 12 after undergoing its general maintenance for nearly two months.

Dung Quat oil refinery in the central province of Quang Ngai will be expanded to raise its capacity to 171,000 barrels per day, up from 148,000, with a total investment of US$1.26 billion.

VOV.VN - Leaders of the Quang Tri provincial People's Committee have recently worked with a joint venture of investors in order to get involved in pouring funds into the Lao Oil Refinery project in the Quang Tri Southeast Economic Zone.

VOV.VN - Vietnam imported more than one million m3 of oil and petrol worth around US$911 million in January, up 24.1% in volume and 11% in value over the previous month.

VOV.VN - Nghi Son Refinery and Petrochemical LLC (NSRP), the largest oil refinery in Vietnam, has resumed its normal operation on January 15 afternoon following its technical breakdown in one of its units in December 2022.

The Vietnam Oil and Gas Group (PVN) recorded total revenue of VND931.2 trillion and pre-tax profit of over VND82.2 trillion (around US$3.5 billion), the highest in 61 years of the Vietnamese oil and gas industry’s history.

VOV.VN - Nghi Son Refinery and Petrochemical LLC (NSRP), the largest oil refinery in Vietnam, will have to downsize production due to technical breakdown, leading to a lack of 120,000m3 of petroleum for domestic use.