08-04-2020 14:54
PetroVietnam employees are giving their best to overcome the double impacts brought about by the biggest decrease in oil prices in the last 17 years and the global COVID-19 pandemic.
07-04-2020 16:22
The revenues of PetroVietnam and Petrolimex slumped by VND141 trillion ($6.13 billion) and VND12 trillion ($521.74 million) this year due to the dropping oil price and the COVID-19 health crisis.
06-04-2020 21:37
If the COVID-19 pandemic continues to last for a long time and the price of oil cannot recover, the revenue of 19 state-owned groups and corporations will see a plunge of VND279.76 trillion ($12.16 billion) this year, and eight of them will suffer a damage of VND26.32 trillion ($1.14 billion), according to the Committee for Management of State Capital at Enterprises.
06-04-2020 21:35
Due to the poor performance of the general economy, the total first-quarter revenue of Vietnam Oil and Gas Group slid VND13.194 billion ($573,650) against the same period last year.
01-04-2020 12:41
PetroVietnam and its subsidiaries are actively implementing solutions to cope with the double impact of the COVID-19 epidemic and the lowest oil prices in the world market in the last 17 years.
28-03-2020 17:28
Though the steep dive in global crude oil price is expected to benefit domestic logistics and production, it will not be a boon for local petrol firms and the state budget this year.
20-03-2020 10:01
PetroVietnam has set up many scenarios to cope with the double impact of the Covid-19 epidemic and the nosedive of oil prices in the world market.
13-03-2020 10:25
PetroVietnam is implementing urgent tasks to cope with the double impact of the COVID-19 epidemic and the declining oil prices.
02-03-2020 11:18
March rebalancings of investment portfolios may impede shares of FLC Faros, Novaland, PetroVietnam Power, and Phat Dat Real Estate, leaving investors high and dry.
24-02-2020 12:12
The General Department of Taxation has slapped a hefty fine on PetroVietnam Power Nhon Trach 2 JSC (HSX: NT2) for submitting a false declaration, collecting VND17.9 billion ($778,260) in total penalties.
18-02-2020 10:39
Despite having gone two-thirds of the way since the investor issued the Front-End Engineering Design (FEED) dossier, the arrangement of investment capital for Dung Quat Oil Refinery remains uncertain.
17-02-2020 11:51
PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
17-02-2020 09:33
The Ministry of Public Security’s Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of the Board of Directors of the Vietnam Oil and Gas Group (PetroVietnam) and nine accomplices on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC (PVB) - a subsidiary of this group.
09-02-2020 15:38
With great effort, PetroVietnam exceeded all production and financial targets in the first month of 2020.
07-02-2020 13:31
If its losses for the third consecutive year are verified in the audited financial report, PetroVietnam Construction JSC (HNX: PVX) may have satisfied one of the conditions of mandatory delisting.