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Vietsovpetro’s profit surpasses January-September plan

Vietsovpetro’s profit surpasses January-September plan

The Vietnamese side in the Vietnam – Russia oil and gas joint venture Vietsovpetro earned 722.3 million USD in profit in the first nine months of this year, surpassing the plan for the period by 22.7 percent.

Southern province seeks more investment from Russia

Southern province seeks more investment from Russia

The southern province of Ba Ria-Vung Tau, the base of the Vietnam-Russia oil and gas joint venture Vietsovpetro, wants to attract more investment from Russian businesses under bilateral cooperation agreements.

Vietsovpetro surpasses production targets in two months

Vietsovpetro surpasses production targets in two months

The Russia - Vietnam oil and gas exploration joint venture, Vietsovpetro, reported an oil and gas production output of 609,700 tonnes in the first two months of the year, exceeding its target by 6.7 percent.

Prison terms proposed for ex-leaders of Vietsovpetro

Prison terms proposed for ex-leaders of Vietsovpetro

Prison sentences ranging from 4-9 years have been proposed for two ex-leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro for “abusing position and power to appropriate assets”.

Trial of ex-leaders of Vietsovpetro begins

Trial of ex-leaders of Vietsovpetro begins

The Hanoi People’s Court opened a trial on March 21 for two ex-leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro on the charge of “abusing position and power to appropriate assets.”

Ex-leader of Vietsovpetro to stand trial this month

Ex-leader of Vietsovpetro to stand trial this month

Tu Thanh Nghia, former General Director of the Vietnam-Russia oil and gas joint venture Vietsovpetro, will face trial on March 21 on charges of “abusing position and power to appropriate assets.”

UK investor plans offshore wind farm in Binh Thuan

UK investor plans offshore wind farm in Binh Thuan

The proposed offshore wind power project in the south central province of Binh Thuan will have a designed capacity of 3,400 MW and require total investments of nearly US$12 billion, UK developer Enterprize Energy said.

Vietsovpetro taps 230 million tonnes of oil

Vietsovpetro taps 230 million tonnes of oil

The Vietnam-Russia Oil and Gas Joint Venture Vietsovpetro has pumped up more than 230 million tonnes of crude oil and provided 34 billion cubic metres of associated gas since its exploitation of the first tonnes of the resource in Vietnam in June 1986.

Former petroleum executives prosecuted for trade fraud

Former petroleum executives prosecuted for trade fraud

The Investigation Police Bureau for Economic Management Order Offences (C46) on June 21 began proceeding procedures against four people accused of abusing position and power to appropriate assets in three petroleum companies under the Vietnam National Oil and Gas Group (PetroVietnam).

Vietsovpetro eyes 4 million tonnes of oil in 2018

Vietsovpetro eyes 4 million tonnes of oil in 2018

The Vietnam-Russia Oil and Gas Joint Venture Vietsovpetro has set targets for 2018 of pumping 4 million tonnes of oil and condensate and 126.5 million cubic metres of natural gas.

Gas output could triple within eight years

Gas output could triple within eight years

Vietnam could receive a significant boost to its natural gas supplies after signing two agreements during the APEC Summit to buy gas at home and from Indonesia.