former pvep officials prosecuted for taking under the table interest

Former PVEP officials prosecuted for taking under-the-table interest

Leaders of PetroVietnam Exploration Production Corporation (PVEP) received nearly VND52 billion ($2.26 million) in under-the-table interest paid by OceanBank during 2011-2014.
plans to resurrect thai binh 2 thermal power plant

Plans to resurrect Thai Binh 2 thermal power plant

With the designed capacity of 1,200MW, Thai Binh 2 thermal power plant will supply 7.2 billion kWh to the national grid once it comes into operation, playing an important role in ensuring the national energy security.
petrovietnam on course for sustainable development

PetroVietnam on course for sustainable development

Vietnam Oil and Gas Group has closed a busy 2018, a year spent in the spirit of renewal – with radical restructuring and improvements from top to bottom. The state-owned oil and gas giant is now entering a new year with the determination to double down on its commitments and transform itself to be competitive, environmentally-friendly, and tech-savvy.
petrovietnam tightens relationship with partners and contractors

PetroVietnam tightens relationship with partners and contractors

Vietnam Oil and Gas Group (PetroVietnam) has expressed its willingness to tighten relationship and business co-operation with domestic and international partners and contractors.
ex petrovietnam chairman dinh la thang faces more charge

Ex-PetroVietnam Chairman Dinh La Thang faces more charge

Police on January 20 launched criminal proceedings against Dinh La Thang, former Chairman of the Vietnam National Oil and Gas Group (PetroVietnam), for his suspected violations regarding the Petrochemical and Bio-Fuel JSC – a subsidiary of this group.
pvgas and pv power co operate for nhon trach 3 and 4 power plants

PVGas and PV Power co-operate for Nhon Trach 3 and 4 power plants

The co-operation between PVGas and PV Power in supplying liquefied natural gas (LNG) for Nhon Trach 3 and 4 thermal power plants will mark a new milestone in the petrol and gas sector of Vietnam and contribute to ensuring the country’s energy security.
deputy general director of pvep arrested in oceanbank case

Deputy general director of PVEP arrested in OceanBank case

Vu Thi Ngoc Lan, deputy general director of PetroVietnam Exploration Production Corporation (PVEP) has been arrested over charges of “abusing position and/or power for appropriation of property” in the OceanBank case.
petrovietnam attains stellar 2018 results

PetroVietnam attains stellar 2018 results

Even with 2018’s unpredictable ­difficulties including the fluctuating oil price, fierce competition in the global market, and sweeping changes at the high-ranking human resources level, state-run Vietnam Oil and Gas Group goes into the New Year having achieved many highlights over the past 12 months.
pv power cancels upcom listing this week

PV Power cancels UPCoM listing this week

PetroVietnam Power Corporation (PV Power) will cancel the trading of more than 467.8 million shares on the Unlisted Public Company Market (UPCoM) this Friday, the Ha Noi Stock Exchange has announced.
pvcfcs employee accolade hat trick

PVCFC’s employee accolade hat-trick

For the third consecutive year, PetroVietnam Ca Mau ­Fertiliser JSC (PVCFC) has been awarded for its outstanding contributions regarding the care it gives to labourers.
pvd in nosedive after arrest of former chairman

PVD in nosedive after arrest of former chairman

PVD stock plunged since the news of arresting former chairman to investigate abuse of position as PVEP’s CEO to receive money of Oceanbank.
shell tempted by return to vietnamese fuel sector

Shell tempted by return to Vietnamese fuel sector

After selling its Vietnamese stakes, Royal Dutch Shell PLC is hunting for opportunities to penetrate deeper into the country’s fuel ­distribution system through acquiring a stake in PetroVietnam Oil Corporation to renew ambitions after years of delay. The path for its return, however, ­remains unclear.
former general director of vinashin arrested

Former general director of Vinashin arrested

Truong Van Tuyen, former general director of Shipping Industry Corporation (Vinashin) has been accused of involvement in the appropriation of VND105 billion ($4.57 million) in under-the-table interests paid by Oceanbank.
nghi son refinery starts commercial operations in november

Nghi Son refinery starts commercial operations in November

Nghi Son Petrochemical Refinery, invested by Nghi Son Refinery Co., Ltd. (NSRP), officially came into commercial operation on November 14, after more than four years of construction.
petrovietnam flies over 11 month targets

PetroVietnam flies over 11-month targets

In the first 11 months of 2018, Vietnam National Oil and Gas Group (PetroVietnam) surpassed business targets, including profit, revenue as well as oil and gas production.