Tag: oil
MoIT proposes 35% cap on foreign investment in petrol market
The Ministry of Industry and Trade (MoIT) has proposed a 35% cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.
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.
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.
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.
Domestic petrol prices hit record high
VOV.VN - Domestic petrol prices have hit record high as of 3pm on March 27 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Dung Quat Oil Refinery operates at 108% of design capacity
Binh Son Refining and Petrochemical JSC (BSR) has operated Dung Quat Oil Refinery at 108% of the refinery’s design capacity in a safe and stable fashion in February to meet the domestic market’s increasing demand during traditional Lunar New Year.
Japanese energy firm to hold 11% stake of Petrolimex
Japan’s ENEOS Corporation said it has registered to buy 25 million treasury stocks of the Vietnam National Petroleum Group (Petrolimex).
PVEP maintains stable, safe production amidst COVID-19
PetroVietnam Exploration Production Corporation (PVEP) said it has rolled out measures synchronously to stabilise production and combat the COVID-19 pandemic, thus ensuring safety for its employees and oil and gas projects.
Marine science, technology key for sustainable development
The marine economy has become key to Vietnam's economic structure and exploitation of the country's seas and islands has created a new driving force for development amid deep international integration, experts have said.
