At a recent symposium on measures to boost the development of Vietnam’s mechanic sectors, Prime Minister Nguyen Xuan Phuc stressed that the Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.
The United States Department of State said on August 22 that it is deeply concerned about China’s interference in Vietnam’s longstanding oil and gas activities in Vietnam’s Exclusive Economic Zone (EEZ) claim.
VOV.VN - “Russian Spring” web page has a commentary by scholar Elena Niculina, Far East Institute of the Russian Academy of Sciences entitled “Rosneft and Gazprom on their active exploration in Vietnam” analyzing bilateral cooperation in oil and gas exploration and exploitation on Vietnam’s continental shelf and Russian territory.
The Vietnam National Oil and Gas Group (PetroVietnam) has reported an oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4% and fulfilling 96.8% of its yearly plan.
VOV.VN - Cooperation in oil and gas and energy plays a strategically important role in Vietnam-Russia relations, said Party General Secretary Nguyen Phu Trong at a reception for the leaders of Gazprom and Zarubezhneft on September 7 as part of his official visit to Russia.
Politburo member and standing member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat Tran Quoc Vuong had a meeting in Hanoi on August 27 with a visiting delegation of the Philippine Democratic Party-Power of the Nation (PDP-Laban), led by its Vice President Alfonso Gaba Cusi.
The Vietnam Oil and Gas Group (PetroVietnam) plans to reduce its ownership of PetroVietnam Gas Joint Stock Company (PV Gas) from the current 97% to 65%.
The Party Central Committee’s Inspection Commission announced the outcomes of its 21st and 22nd sessions in Hanoi on January 26. VOV.VN -
The Supreme People’s Procuracy has issued an indictment for its prosecution of Dinh La Thang and six accomplices accused of causing losses of VND800 billion (US$35.2 million) of the Vietnam Oil and Gas Group PetroVietnam (PVN) as capital contribution to the Ocean Commercial Joint Stock Bank (OceanBank).
By December 14, the Vietnam-Russia oil and gas exploration joint venture Vietsovpetro has earned over US$1.89 billion, exceeding its target of US$1.88 billion set for 2017.
VOV.VN - Vietnam imported more than 1 million tons of coal in September, bringing the total import volume in the first nine months of this year to 10.4 million tons with a value of US$1.03 billion, according to the General Department of Vietnam Customs.
The production of Vietsovpetro, the oil and gas joint venture between Vietnam – Russia, reached 50 billion cu.m of gas on October 1 after 30 years of operation.
Totalgaz Vietnam Limited Liability Company, a subsidiary of French integrated oil and gas corporation Total, has terminated the agreement to buy Thang Long LPG Co., Ltd., the liquefied petroleum gas (LPG) storage and bottling subsidiary of Malaysian oil and gas company Petroliam Nasional Berhad.
Deputy Prime Minister Trinh Dinh Dung has asked the Vietnam Oil and Gas Group (PVN) to mobilise all resources and solutions for the completion of all targets set for 2017, especially those in oil and gas production.
President Tran Dai Quang has assured Azerbaijani Minister of Energy Natig Aga Emi Olgu Aliyev that Vietnam is ready to create favourable conditions for Azerbaijan’s goods to enter the country.
The PetroVietnam Exploration Production Corporation (PVEP) and Landmark Software Services of Halliburton, a US multinational corporation, signed a memorandum of understanding (MoU) on cooperation in oil and gas exploration and exploitation.
Russia and Vietnam’s oil and gas exploration joint venture Vietsovpetro has exploited five million tonnes of crude oil in 2016.
Vietnam and Sudan signed a memorandum of understanding (MoU) on industrial cooperation at the second session of their Inter-Governmental Committee held in Hanoi on October 11.
Prime Minister Nguyen Xuan Phuc has instructed relevant ministries, agencies and groups to set forth measures and mechanisms in order to ensure electricity supply for the economy.
Deputy Prime Minister Trinh Dinh Dung has pledged all possible support to investors working in oil and gas, including Zarubezhneft and other Russian companies.