Tag: oil
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).
PetroVietnam works to help remove legal barriers
The Vietnam Oil and Gas Group (PetroVietnam) has been reviewing legal regulations to identify any obstacles to its operations and propose settlement recommendations.
Vietsovpetro contributes greatly to Vietnam-Russia ties: Russian diplomat
Russian Ambassador to Vietnam Gennady Bezdetko has published an article on the occasion of the Vietnam – Russia oil and gas joint venture Vietsovpetro celebrating its 40th founding anniversary and 35 years since it began oil and gas exploitation.
US concludes anti-dumping investigation into Vietnam’s OCTG
The US Department of Commerce (DOC) has announced the results of the third administrative review for Vietnam’s oil country tubular goods (OCTG) for the period from September 1, 2018, to August 31, 2019, according to Trade Remedies Authority of Vietnam under the Ministry of Industry of Trade.
PVEP enjoys over VND14.3 trillion in six-month revenue
The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of VND14.35 trillion (US$623.59 million) in the first six months of 2021, equivalent to 144% of its target.
Careful consideration must be given to extending foreign ownership at petrol firms
Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the amount of foreign ownership at petrol and oil business to 35%.
Domestic retail petrol prices rise by over VND700 per litre
VOV.VN - The local retail price of petrol rose by more than VND700 per litre at 3 p.m. on June 26 following the latest price adjustments made by both the Ministry of Industry and Trade and the Ministry of Finance.
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.
First flow of gas pumped out of Su Tu Trang oil field in phase 2A
The Oil and Gas Group (PetroVietnam) on June 18 welcomed the first flow of gas from Su Tu Trang (White Lion) oil field in phase 2A.
