The Vietnam Oil and Gas Group (PetroVietnam) reported total revenue of VND283.5 trillion (US$12.2 billion) in the first half of this year, contributing VND32 trillion to the State budget.
The Vietnam National Oil and Gas Group (PetroVietnam) contributed VND23.8 trillion (US$1.04 billion) to the State budget in the first quarter of this year, representing a year on year rise of 12% and exceeding the quarterly plan by 30%.
Vietnam’s medium-term outlook remains favourable with GDP expected to expand by 6% this year, according to the World Bank (WB)’s Taking Stock report.
The Vietnamese Government supports Russia’s Gazprom to expand oil and gas production in Vietnam, asserted Prime Minister Nguyen Xuan Phuc at his reception for Alexey Miller, Chairman of the Management Committee of Gazprom in Hanoi on April 26.
ConocoPhillips, the third-largest US oil company, has signed a deal to sell its Vietnam business units for US$1.29 billion to Anglo-French oil and gas explore Perenco SA.