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E5 fuel makes up 65% of petrol sales

E5 fuel makes up 65% of petrol sales

The number of local consumers using E5 petrol in their autos has been increasing rapidly, though bio-fuel has only been put into use nationwide for just the past month.

PV Oil collects US$190 million from IPO

PV Oil collects US$190 million from IPO

PetroVietnam Oil Corporation (PV Oil) succeeded in conducting its initial public offering (IPO) by selling all 207 million shares offered, equalling 20 per cent of its charter capital. The average share price was VND20,196 ($0.89), fetching VND4.16 trillion ($184.9 million) in proceeds for the company.

PV Oil stakes entice eight foreign investors

PV Oil stakes entice eight foreign investors

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.

BSR offers 49 per cent to strategic investors

BSR offers 49 per cent to strategic investors

Investors interested in becoming strategic investors of Binh Son Refining and Petrochemical Company Limited (BSR), currently operated by PetroVietnam, are offered to buy a maximum of 1.52 billion shares, equalling 49 per cent of the chartered capital.

PV Oil to offer 20% stake in coming IPO: HSC

PV Oil to offer 20% stake in coming IPO: HSC

PetroVietnam Oil Corporation (PV Oil) may double the amount of shares offered as part of its initial public offering (IPO), which is scheduled in the fourth quarter of this year.

Petrolimex sell-off to come in 2018

Petrolimex sell-off to come in 2018

Vietnam National Petroleum Group, the country’s state-owned biggest petroleum distributor, will see a large state divestment in 2018, paving the way for foreign investors to access the profitable business.

Foreign investors gunning for petroleum retail market

Foreign investors gunning for petroleum retail market

JX Nippon Oil & Energy is receiving close to $15 million in the first year after acquiring Petrolimex shares. This, coupled with the fact that there are 29 petroleum import-export distributors in Vietnam, makes the petroleum retail market especially lucrative.

PV Oil to expand share in domestic market

PV Oil to expand share in domestic market

Petrovietnam Oil (PV Oil) Corp. aims to expand its share of the domestic oil and petrol retail market from 22% to at least 35% by 2020 through mergers and acquisitions transactions.

PetroVietnam repeats call for help with E5 fuel projects

PetroVietnam repeats call for help with E5 fuel projects

Vietnam’s much-touted E5 bio-fuel projects have virtually ground to a halt as Vietnam National Oil and Gas Group’s (PVN) three E5 factories have remain shut while domestic consumers have turned their back on the fuel.