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Construction starts on one-million-tonne Thi Vai LNG warehouse

Construction starts on one-million-tonne Thi Vai LNG warehouse

The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.

PetroVietnam enjoys good business results despite falling oil prices

PetroVietnam enjoys good business results despite falling oil prices

The Vietnam Oil and Gas Group (PetroVietnam) earned 489.5 trillion VND (over 21 billion USD) in revenue in the first eight months of the year, exceeding the target by 19 percent although the average price of crude oil fell to 58.62 USD per barrel in August compared to the predicted price of 65 USD per barrel.

Implementation of Vietnam-Russia int’l treaties assessed

Implementation of Vietnam-Russia int’l treaties assessed

A delegation of the National Assembly’s Committee for External Affairs paid a working visit to Russia from June 27-28 to evaluate the implementation of international treaties signed by Russia and Vietnam for the 2001-2018 period.

Korea Eximbank opens 2 billion USD credit line to PetroVietnam

Korea Eximbank opens 2 billion USD credit line to PetroVietnam

The Export-Import Bank of Korea (Korea Eximbank) has said that it has agreed to open a 2 billion USD credit line to Vietnam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more Korean companies venture into the fast-growing economy.

Vietnam prepares for competitive electricity market by 2021

Vietnam prepares for competitive electricity market by 2021

Not much work has been done to prepare for the opening of the competitive retail market, slated for 2021. Under the PM Decision released in October 2013, the competitive electricity market will take shape in a 3-stage roadmap.

Vietnam forecast to face net imports of crude oil

Vietnam forecast to face net imports of crude oil

Vietnam’s self-sufficiency for crude oil could come to an end due to exploitation that could turn the country into a net importer of crude oil for the first time, experts warned.

Vietnam greatly values ties with Malaysia

Vietnam greatly values ties with Malaysia

VOV.VN - Vietnam always treasures its ties with Malaysia, one of the country’s most important partners in the region, said Prime Minister Nguyen Xuan Phuc at a reception for Malaysian Foreign Minister Saifuddin Abdullah in Hanoi on May 16.