ho tram strip inks 63 milion natural gas deal

Ho Tram Strip inks $63 milion natural gas deal

Ho Tram Project Company (HTP) and PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PVGasD) has inked a memorandum of understanding that will see the Ho Tram Strip move to cleaner, greener and more efficient power within the next 15 months.
five prosecuted for massive losses at state run firm

Five prosecuted for massive losses at state-run firm

The Ministry of Public Security’s Investigative Agency has decided to prosecute five former executives of the textile factory of the State-run giant, PetroVietnam, and a subsidiary, for causing considerable economic losses.
pv power to invest in nine gas power projects

PV Power to invest in nine gas power projects

PetroVietnam Power Corporation (PV Power) is preparing to implement the construction of nine gas-fired power plants with total output of 5,250MW, PV Power general director Nguyen Xuan Hoa said.
deposed politburo member now party central committee advisor

Deposed Politburo member now Party Central Committee advisor

Dinh La Thang, who was voted out of the Politburo on May 7 due to past mismanagement of state-owned Vietnam National Oil and Gas Group (PetroVietnam), has been appointed as a deputy chairman of the Party Central Committee’s Economic Commission.
pv power hopes to find strategic investors by the end of august

PV Power hopes to find strategic investors by the end of August

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 finish its share sale to strategic investors by the end of August.
pvep sk innovation and murphy complete agreements for block 15 105

PVEP, SK Innovation and Murphy complete agreements for block 15-1/05

The US Murphy Oil Corporation, Korea’s SK Innovation and their Vietnamese partner PetroVietnam Exploration Production Corp has completed the transaction of participation right on the petroleum sharing contract for block 15-1/05 in Cuu Long basin offshore Vietnam.
long son petrochemical complex settles last issues before implementation

Long Son petrochemical complex settles last issues before implementation

In the afternoon of March 29, 2017, PetroVietnam and other involved parties in Long Son Petrochemicals Company Limited (LSP) has signed important documents related to LSP, including a joint venture contract, a company charter, and a capital transfer contract between Qatar Petroleum International Vietnam (QPIV) and Siam Cement Group (SCG), as well as finalised the project’s capital at $5.4 billion.
pvn shakes hand with us oil supermajor

PVN shakes hand with US oil supermajor

The Vietnam Oil and Gas Group (PetroVietnam) and the US-based Exxon Mobil Corporation (Exxon Mobil) signed an investment agreement concerning the Blue Whale natural gas well, under the supervision of Prime Minister Nguyen Xuan Phuc.
more foreigners can now retail fuel in vietnam

More foreigners can now retail fuel in Vietnam?

PetroVietnam Oil Corporation (PV Oil), a member of national oil and gas group PetroVietnam, will sell a 40 per cent share in the second quarter of 2017.
nghi son refinery may not be eligible for preferential selling price

Nghi Son Refinery may not be eligible for preferential selling price

PetroVietnam may not have to purchase the products of Nghi Son Refinery and Petrochemical Complex (NSRP), a joint venture between PetroVietnam, Kuwait Petroleum International, Idemitsu Kosan, and Mitsui Chemical International, at the preferential price earlier agreed upon.
deputy pm asks petrol giant to up efficiency

Deputy PM asks petrol giant to up efficiency

Deputy Prime Minister Trinh Dinh Dung has asked the Viet Nam Oil and Gas Group (PetroVietnam) to tackle loss-making projects to improve operation efficiency, while keeping a close watch on global oil prices in order to develop appropriate solutions to fulfil 2017 targets.
us group pvep sign gas project development framework agreement

US group, PVEP sign gas project development framework agreement

The Vietnam National Oil and Gas Group (PetroVietnam)’s Exploration Production Corporation (PVEP) and the Exxon Mobil Vietnam Company signed a framework agreement on the Blue Whale project development and gas sale in Hanoi on January 13.
viet nams top 500 largest firms announced

Viet Nam’s top 500 largest firms announced

State-run Viet Nam Oil and Gas Group (PetroVietnam) remains on top of the 500 largest Vietnamese enterprises list (VNR500) in 2016 in terms of revenue.
ministry may pull the plug on dung quat shipbuilding industry co ltd

Ministry may pull the plug on Dung Quat Shipbuilding Industry Co., Ltd

As reported by newswire vneconomy.vn, bankruptcy is one of the options for Dung Quat Shipbuilding Co., Ltd., Vietnam National Oil and Gas Group (PetroVietnam)’s shipbuilding subsidiary.
petro vietnam takes credit loans for power project

Petro Vietnam takes credit loans for power project

Vietnam National Oil and Gas Group (PetroVietnam) on November 23 signed a contract with the Export-Import Bank of Korea (Korea Eximbank) for funding the Song Hau 1 thermal power project.