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.
honeywells cps to help dung quat refinery improve efficiency

Honeywell’s CPS to help Dung Quat refinery improve efficiency

Honeywell has announced that Binh Son Refining and Petrochemical, a subsidiary of Vietnam’s state-run oil and gas PetroVietnam will use its new IIoT-based Connected Performance Services (CPS) offering to improve the performance of its manufacturing operations in Binh Son Refining and Petrochemical will use CPS technology which integrates Honeywell UOP’s deep process knowledge to improve refinery and plant performance at its naphtha complex.
pvcfc dodges market dip and shines

PVCFC dodges market dip and shines

With the twin advantages of reasonable pricing and high quality, PetroVietnam Ca Mau Fertilizer JSC’s product has earned consumer trust and helped to stabilise a once-fragile market. Hung Phu reports.
petrovietnam burns vnd54 trillion in ineffective ethanol factories

PetroVietnam burns VND5.4 trillion in ineffective ethanol factories

A series of violations have been uncovered within the groves of Vietnamese state-run oil and gas group PetroVietnam and its member companies when they burnt over VND5.4 trillion ($239.2 million) in three ineffective ethanol factories in Quang Ngai, Phu Tho, and Binh Phuoc provinces, according to newswire Dantri.
pay up pvi bibicas 516 million insurance claim enforced

Pay up PVI-Bibica’s $5.16 million insurance claim enforced

Insurer PVI, a PetroVietnam member company, is going to pay a total compensation of VND115.2 billion ($5.16 million) to customer Bibica in a claim that has been going for three years.
extensive net of violations detected at petrovietnam subsidiary

Extensive net of violations detected at PetroVietnam subsidiary

Vietnamese state-run oil and gas group PetroVietnam and Vietnam National Textile and Garment Group (Vinatex) were found to have committed a series of violations when  investing state capital into Dinh Vu Polyester Fibre and Yarn Factory.
evn to replace petrovietnam and inter rao to develop thermal power plants

EVN to replace PetroVietnam and Inter RAO to develop thermal power plants

State-run Electricity of Vietnam (EVN) has been chosen to take over the thermal power plants Quang Trach I and II, both of which are located in Quang Trach Power Centre in Quang Binh, according to information published on the Government Portal.
vinashin to sell entire stake in pv shipyard

Vinashin to sell entire stake in PV Shipyard

Shipbuilding Industry Corporation (SBIC), previously known as Vinashin, will sell its entire holding of nearly 4.48 million shares, equivalent to 7.53 per cent stake, in PetroVietnam Marine Shipyard (PV Shipyard).
petrovietnams oil beats target

PetroVietnam's oil beats target

The Viet Nam National Oil and Gas Group (PetroVietnam) will strive to exploit more than 6.49 million tonnes of oil by the year's end, including 3.88 million tonnes of crude oil and 2.61 billion cubic metres of natural gas, to achieve total output of 27.59 million tonnes of oil.
ge oil gas first ever localised training course in vietnam

GE Oil & Gas first-ever localised training course in Vietnam

Twenty-six young, high potential oil and gas professionals from local state-owned oil and gas conglomerate PetroVietnam have been given a unique opportunity to further develop their skills through joining the GE Oil & Gas first-ever localised management and technical skills course in Vietnam.
petrovietnam to rid of ailing fibre subsidiary

PetroVietnam to rid of ailing fibre subsidiary

Vietnam's state-run oil and gas group PetroVietnam is seeking the prime ministerial approval to sell its entire 74 per cent or at least a 38 per cent in polyester fibre and yarn factory PVTex Dinh Vu Joint Stock Company (PVTex), due to its recent string of losses, according to newswire Dantri.vn.
petrovietnam continues 3 year floundering

PetroVietnam continues 3 year floundering

National oil and gas group PetroVietnam posted an on-year decrease in revenue in the first nine months of this year, continuing the negative trend of the past three years.
vietnam arrests former petrovietnam executives

Vietnam arrests former PetroVietnam executives

HANOI: Four former top brass from Vietnam's state-run oil and gas giant PetroVietnam have been arrested for allegedly costing the firm nearly US$150 million in losses, the government said Friday (Sep 16).
dung quat refinery operators ipo expected by end of 2017

Dung Quat refinery operator’s IPO expected by end of 2017

Binh Son Refining and Petrochemical Co., Ltd. (BSR), wholly-owned by Vietnamese state-run oil and gas group PetroVietnam, has released plans to launch its initial public offering (IPO) at the end of 2017.
evn proposed to take over pvns 17 billion power project

EVN proposed to take over PVN’s $1.7 billion power project

State-run Electricity of Vietnam (EVN) may replace Vietnam’s oil and gas group PetroVietnam to develop the long-delayed thermal power plant Quang Trach 1 in the central province of Quang Binh, according to newswire Phapluatvietnam.vn.