pvn posts 2985b in turnover

PVN posts $29.85b in turnover

The Viet Nam National Oil and Gas Group (PetroVietnam) has announced a turnover of VND627 trillion (US$29.85 billion) over the past 10 months, or 0.4 per cent more than the same period last year.
over 200 mln for second lift off oil rig

Over $200 mln for second lift-off oil rig

The PetroVietnam Marine Shipyard JSC (PV Shipyard) and the Vietnam -Russia Oil and Gas Joint Venture (Vietsovpetro) have recently signed a $200 million contract on building a new lift-off oil rig in Vietnam.
work started on vietnams biggest petrochemical project

Work started on Vietnam’s biggest petrochemical project

The Vietnam National Oil and Gas Group, better known as PetroVietnam, and its foreign partners have launched thegroundbreaking ceremony for Nghi Son petrochemical complex, one of the largest foreign-invested projects in Vietnam currently, in the central province of Thanh Hoa.
nghi son refinery breaks ground

Nghi Son refinery breaks ground

Construction on the Nghi Son oil refinery and petrochemical complex kicked off today as a joint venture between PetroVietnam, Kuwait Petroleum International, Japan’s Idemitsu Kosan and Mitsui Chemicals in the central Thanh Hoa province.
petrovietnam faces up hill drive to promote ethanol fuel

PetroVietnam faces up-hill drive to promote ethanol fuel

State-run PetroVietnam has been instructed to ensure preparations for the use of ethanol fuels meet the planned schedule, despite a number of setbacks.
pvn on course to hit annual targets

PVN on course to hit annual targets

PetroVietnam yesterday reported after-tax profits of VND38.2 trillion (US$1.819 billion) in the first nine months of the year, accounting for 87 per cent of the group's annual target.
president pushes for stronger vietnam russia oil cooperation

President pushes for stronger Vietnam-Russia oil cooperation

Russia’s energy company Gazprom should work closely with the Vietnam Oil and Gas Group (PetroVietnam) to speed up joint projects, says President Truong Tan Sang.
vietnam public bank to make its debut

Vietnam Public Bank to make its debut

A new bank, set up by the merger of PetroVietnam Finance (PVFC) and WesternBank, is expected to make its debut in October this year.
pvcombank to make its debut

Pvcombank to make its debut

A new bank born from the merger of PetroVietnam Finance and Western Bank is expected to make its debut in October this year.
block b gas to power project partners provide scholarships to vietnamese children

Block B gas-to-power project partners provide scholarships to Vietnamese children

Chevron Vietnam Ltd., PetroVietnam Exploration Production Corporation (PVEP), Mitsui Oil Exploration Co., Ltd. (MOECO) and PTT Exploration and Production Public Company Limited (PTTEP) today awarded scholarship certificates to 100 schoolchildren from the Mekong Delta, in a ceremony celebrating a programme developed with the National Fund for Vietnamese Children (NFVC).
pvep welcomes first oil stream from project in malaysia

PVEP welcomes first oil stream from project in Malaysia

The PetroVietnam Exploration and Production Corporation (PVEP) has welcomed the first oil stream from West Desaru 1 oil well it is exploring under a joint project in Malaysia, according to the Vietnam National Oil and Gas Group (PetroVietnam).
petrovietnam spurns environment damage claim

PetroVietnam spurns environment damage claim

State-run PetroVietnam, the investor of the 1,200 MW Thai Binh 2 thermal power plant, has faced down criticism from the Export-Import Bank of the US over the project’s environmental impact.
petrovietnam divests on schedule

PetroVietnam divests on schedule

PetroVietnam, the state arm for oil and gas development, has been consistent in its portfolio restructuring strategy to withdraw from non-core business fields.
pvfc announces merger plan with western bank

PVFC announces merger plan with Western Bank

The PetroVietnam Finance Joint Stock Corp (PVFC) have announced a merger plan with Western Bank which is facing financial difficulties and need urgent restructuring.
pvfc agrees on plan to merge with western bank

PVFC agrees on plan to merge with Western Bank

A majority of the shareholders of the PetroVietnam Finance Join Stock Corporation (PVFC) has agreed upon the plan to have their institution merged with Phuong Tay (Western Bank).