Tag: PetroVietnam
Vietsovpetro exploits 500 million cubic metres of gas at Thien Ung field
The Russia-Vietnam oil and gas joint venture (Vietsovpetro) has pumped up 500 million cubic metres of gas from Thien Ung field, which has been in operation since late 2016.
PetroVietnam fulfils 2020 increase to oil and gas reserves
The Vietnam Oil and Gas Group (PetroVietnam) has announced that its exploration of the Ken Bau-2X well, located in the Red River Basin offshore of Vietnam’s northern continental shelf, helped the firm fulfil its plan of increasing oil and gas reserves.
PTSC sees revenue up 13% in Q2
PetroVietnam Technical Services Corporation (PTSC) announced revenue of VND5.47 trillion (US$238 million) in the second quarter of this year, up 13.4% year-on-year.
Overseas investments a drain on state firms’ finances
Vietnamese state-owned companies have invested $6.7 billion overseas, but many of their projects are losing money.
Vietnamese enterprises invest approximately US$21 billion abroad
VOV.VN - Last year saw local businesses pour a figure of US$21 billion into more than 1,300 projects in foreign countries, with profits transferred home reaching roughly US$3 billion, according to the Ministry of Planning and Investment.
