The Russia-Vietnam oil and gas joint venture Vietsovpetro is undertaking a series of solutions to increase oil output in the remaining months of the year.

Over the past 30 years, foreign investors have injected US$45 billion to oil and gas in Vietnam, greatly contributing to the growth of the sector, according to the Vietnam Oil and Gas Group (PetroVietnam).

The Vietnam Oil and Gas Group (PetroVietnam) pumped 5.48 million tonnes of crude oil in the first six months of this year, surpassing the set target by 23%.

VOV.VN - Russian Foreign Minister Sergei Lavrov flew to Hanoi on July 5 for a two-day visit to Vietnam to mark the 10th anniversary of the comprehensive strategic partnership between Vietnam and Russia.

VOV.VN - The retail prices of petrol and oil witnessed a reduction as of 3 p.m. on July 1 following the latest price adjustments which were jointly carried out by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported.

VOV.VN - The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.

Te Giac Trang (White Rhino) oil field has officially reached a production milestone of 100 million barrels of crude.

Despite difficulties in the first five months of this year, the Vietnam Oil and Gas Group (PetroVietnam) managed to increase its production, contributing to ensuring national energy security.

VOV.VN - The Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months.