pv oil ready to roll out e5 bio fuel nationwide

PV Oil ready to roll out E5 bio-fuel nationwide

PetroVietnam Oil Corporation (PV Oil) is willing to switch from RON A92 petrol to bio-fuel E5 on nationwide from January 1, 2018, according to newswire Cafef.
vung ang 1 power plant caught red handed

Vung Ang 1 power plant caught red handed

PetroVietnam was found in violation when it ignored the prime minister’s directive by permitting the management board of Vung Ang 1 thermal power plant to buy nearly one million tonnes of illegal coal to produce electricity, according to newswire Labour.
what lies behind vietlott ceos resignation

What lies behind Vietlott CEO’s resignation

The abrupt resignation of Tong Quoc Truong, CEO of Vietnam Lottery Co., Ltd. (Vietlott) is rumoured to be related to the violations at PetroVietnam Finance Corporation (PVFC) that took place during his time in office as CEO at PVFC and are currently under investigation.
close up of petrovietnams three major ipos in 2017

Close-up of PetroVietnam’s three major IPOs in 2017

The IPOs of three major oil and gas companies—Binh Son Refining and Petrochemical Company (BSR), Vietnam Oil Corporation (PV Oil), and PetroVietnam Power Corporation (PV Power)—are expected to be the “blockbusters” on the stock market in the last quarter of the year.
pv oil may conduct ipo in fourth quarter

PV Oil may conduct IPO in fourth quarter

PetroVietnam Oil Corporation (PV Oil) may put a 20 per cent stake, equalling 210 million shares, on sale at its initial public offering (IPO), which is expected to occur in the fourth quarter of this year, according to the latest report published on Ho Chi Minh City Securities Corporation (HSC)’s website.
veb and iib to finance long phu 1 power plant

VEB and IIB to finance Long Phu 1 power plant

Vnesheconombank, International Investment Bank, and PetroVietnam have entered into a tripartite memorandum determining the cooperation framework of financing the construction of Long Phu 1 power plant in Vietnam, according to International Investment Bank’s press release dated September 8. 
pvtex to be revived with indian help

PVtex to be revived with Indian help

Reliance Industry Company from India decided to co-operate with PetroVietnam to restart Dinh Vu polyester plant located in the northern city of Haiphong.
pv drilling signs 6 million contract for jack up rig

PV Drilling signs $6-million contract for jack-up rig

On August 31, PetroVietnam Drilling and Well Services Corporation (HOSE: PVD) announced entering into a contract to provide jack-up rig “PV Drilling I” for Singapore-based KrisEnergy.
multi billion dong ethanol projects back on planning table

Multi-billion dong ethanol projects back on planning table

PetroVietnam, the investor of Bio-Ethanol Dung Quat, Phu Tho and Binh Phuoc ethanol factories has entered a co-operation with partners to rescue these three factories, according to newswire Bizlive.
petrovietnam willing to let dung quat shipbuilding go bankrupt

PetroVietnam willing to let Dung Quat Shipbuilding go bankrupt

After being put on sale, if investors ignore Dung Quat Shipbuilding Co., Ltd., it will go bankrupt.  
dinh vu polyester plant teetering on brink of bankruptcy

Dinh Vu polyester plant teetering on brink of bankruptcy

The failing state-funded Dinh Vu polyester plant invested by PetroVietnam Petrochemical and Textile Fiber JSC (PVTex), a joint venture of PetroVietnam and Vietnam National Textile and Garment Group (Vinatex), will be pushed to the brink of bankruptcy if foreign investors refuse to co-operate with PVTEX to revise the plant’s operations.
scg reaffirms determination to develop 54 billion long son petrochemical complex

SCG reaffirms determination to develop $5.4 billion Long Son petrochemical complex

Siam Cement Group (SCG) has signed a Memorandum of Understanding (MoUs) with PetroVietnam, aiming to reinforce the development of Long Son petrochemical complex (LSP) in the southern province of Ba Ria-Vung Tau.
petrovietnam to begin large scale divestment

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes.
third times the charm pv power announces december ipo

Third time’s the charm: PV Power announces December IPO

PV Power, a wholly-owned subsidiary of state-owned PetroVietnam and the second largest electricity producer in Vietnam after Electricity of Vietnam (EVN) in terms of capacity, hopes to complete its equitisation in December this year, after having missed the deadline numerous times, according to information published on the company’s website.
japanese gas supplier expands operations in vietnam

Japanese gas supplier expands operations in Vietnam

On July 31, Japan's biggest urban gas supplier Tokyo Gas Asia Pte., Ltd. (Tokyo Gas), a wholly owned subsidiary of Tokyo Gas Co., Ltd., announced acquiring a 24.9 per cent stake in Vietnamese gas firm PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PV Gas D), a unit of PetroVietnam Gas Joint Stock Corporation (PV Gas).