pvcombank finances power project

PVcomBank finances power project

The Viet Nam Public Bank (PVcomBank) will lend the PetroVietnam Power Corporation (PVPower) VND2 trillion (US$88.9 million) to develop a power project.
honeywell to provide consultancy training to petrovietnam

Honeywell to provide consultancy, training to PetroVietnam

Honeywell will have the opportunity to provide professional consultancy, best practice sharing, and continual training to national oil and gas group PetroVietnam, according to a Memorandum of Understanding (MoU) signed between the two companies yesterday.
rosneft and petrovietnam stepping up game in petrochemical sector

Rosneft and PetroVietnam stepping up game in petrochemical sector

Russian Rosneft and Vietnamese state-run oil and gas group PetroVietnam have signed an agreement to co-operate in the petrochemical sector, according to Rosneft’s website.
dung quat oil storage terminal planned for 2020

Dung Quat oil storage terminal planned for 2020

PetroVietnam Oil Stockpile Company, a member unit under state-run oil and gas group PetroVietnam, recently affirmed its commitment to building a $250-million underground oil storage terminal in the central province of Quang Ngai’s Dung Quat economic zone.
petronas petrovietnam extend psc for 10 more years

Petronas, PetroVietnam extend PSC for 10 more years

Petroliam Nasional Bhd (Petronas) and Vietnam Oiland Gas Group (PetroVietnam) have extended the production sharing contract with their partners for offshore fields in the overlapping zone between Malaysia and Viet Nam.
petrovietnam seeks pipeline partners

PetroVietnam seeks pipeline partners

Vietnam’s state-run oil and gas group PetroVietnam announced a bid to entice new investors to the group-led $8 billion Block B-O Mon gas exploitation and pipeline complex following the withdrawal of the US’ oil giant Chevron from the strategic project to fuel future southern gas-fired power plants.
petrovietnam appoints saviour for ailing fibre subsidiary

PetroVietnam appoints saviour for ailing fibre subsidiary

Vietnam's state-run oil and gas group PetroVietnam has recently appointed a new general director cum chairman of the board of directors to take charge of its ailing $325 million polyester fibre and yarn factory PVTex Dinh Vu Joint Stock Company (PVTex), according to newswire Vnexpress.
output difficulties shut down multi million dollar ethanol factories

Output difficulties shut down multi-million dollar ethanol factories

Oversupply and high manufacturing costs, as well as a chronic lack of state support are the major reasons behind the closing of ethanol factories in general and PetroVietnam factories in particular, according to newswire Tuoitre.
local shares end lower this morning

Local shares end lower this morning

The local market experienced losses this morning due to the fall of two large caps, PetroVietnam Gas Joint Stock Corporation (GAS) and Bank for Foreign Trade of Vietnam (VCB).
pv power apzon sign partnership agreement

PV Power, APZON sign partnership agreement

PetroVietnam Power Corporation (PV Power) and IT service provider APZON held a signing ceremony on March 24 to celebrate the commencement of their project.
petrovietnam to build natural gas processing plant

PetroVietnam to build natural gas processing plant

The Viet Nam Oil and Gas Group (PetroVietnam) will build an offshore natural gas processing plant and two 700MW plants in central Quang Nam and neighbouring Quang Ngai provinces.
pvgas north reduces revenue target for 2015

PVGas North reduces revenue target for 2015

PetroVietNam Northern Gas JSC (PVG) has revised its revenue target in 2015 down to VND2.52 trillion ($112.55 million) from nearly VND3.7 trillion (US$165.25 million), according to a decision released by PVG's Management Board on January 26
petrovietnam companies lower business targets due to falling oil price

PetroVietnam companies lower business targets due to falling oil price

PetroVietnam’s member companies set much lower revenue and profit targets than last year’s actual figures due to the continuous fall in oil prices.
pv gas selects honeywells technology to produce lpg

PV Gas selects Honeywell’s technology to produce LPG

Honeywell (NYSE: HON) announced today that it will supply a 250 million standard cubic feet per day (mmscfd) modular gas processing plant and advanced automation systems to PetroVietnam subsidiary, PV Gas.
gazprom neft ends talks for refinery

Gazprom Neft ends talks for refinery

Gazprom Neft, the oil arm of Russia's Gazprom, has ended talks with the Viet Nam Oil and Gas Group (PetroVietnam) to buy a 49 per cent stake in Dung Quat refinery.