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).
pv oil silent about ipo date

PV Oil silent about IPO date

After having missed the deadline numerous times, PetroVietnam Oil Corporation (PV Oil), a member of Vietnam's oil and gas group PetroVietnam, has yet to release the specific time for its initial public offering (IPO), according to newswire Saigontimes.
petrovietnam sees increased profit after three year decline

PetroVietnam sees increased profit after three-year decline

Increasing crude oil prices helped PetroVietnam exceed its revenue and profit targets by 15 per cent in the first half of 2017.
moit outlines solutions for petrovietnams loss making projects

MoIT outlines solutions for PetroVietnam’s loss-making projects

Two projects of state-run oil and gas group PetroVietnam - Dung Quat Shipbuilding Industry Co., Ltd. (DQS) and Phu Tho bio-ethanol plant, has received approval to start bankruptcy proceedings. In addition, three more PetroVietnam projects are requested to resume operations.
pvn cracking down on losses

PVN cracking down on losses

The Viet Nam National Oil and Gas Group (PetroVietnam) has decided to form teams to handle its loss-making projects since the snail-pace progress of the process has displeased the Government.
russian oil company signs mou with petrovietnam

Russian oil company signs MoU with PetroVietnam

ZARUBEZHNEFT, a Russian State-controlled oil company based in Moscow, and PetroVietnam Exploration Production Corporation (PVEP) signed a memorandum of understanding (MoU) on June 30.