petrovietnam workers put in maximum effort to overcome oil price fall and covid 19

PetroVietnam workers put in maximum effort to overcome oil price fall and COVID-19

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.
petrol and oil giants lost billions of dollars on plunging oil

Petrol and oil giants lost billions of dollars on plunging oil

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.
state owned corporations and groups may lose 13 billion due to covid 19

State-owned corporations and groups may lose $13 billion due to COVID-19

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.
petrovietnam suffers sharp drop in first quarter revenue

PetroVietnam suffers sharp drop in first quarter revenue

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.
petrovietnam struggling with dual crisis of covid 19 and sharp decrease of oil price

PetroVietnam struggling with dual crisis of COVID-19 and sharp decrease of oil price

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.
nosediving oil price deals a blow to state budget

Nosediving oil price deals a blow to state budget

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.
petrovietnam draws up scenarios to cope with double impact on oil and gas industry

PetroVietnam draws up scenarios to cope with double impact on oil and gas industry

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.
petrovietnam rolls out measures to cope with covid 19 and oil prices

PetroVietnam rolls out measures to cope with COVID-19 and oil prices

PetroVietnam is implementing urgent tasks to cope with the double impact of the COVID-19 epidemic and the declining oil prices.
march portfolio rebalancing spells trouble for major tickers

March portfolio rebalancing spells trouble for major tickers

March rebalancings of investment portfolios may impede shares of FLC Faros, Novaland, PetroVietnam Power, and Phat Dat Real Estate, leaving investors high and dry.
petrovietnam power nhon trach 2 jsc gets tax penalties

PetroVietnam Power Nhon Trach 2 JSC gets tax penalties

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.
bsr to languish while waiting for capital for dung quat refinery

BSR to languish while waiting for capital for Dung Quat Refinery

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.
foreign banks to arrange funds for lng fired power plants

Foreign banks to arrange funds for LNG-fired power plants

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.
ex petrovietnam chairman to be prosecuted for violations in phu tho ethanol case

Ex-PetroVietnam Chairman to be prosecuted for violations in Phu Tho ethanol case

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.
petrovietnam registers rosy performance in first month of 2020

PetroVietnam registers rosy performance in first month of 2020

With great effort, PetroVietnam exceeded all production and financial targets in the first month of 2020.
petrovietnam construction jsc at the risk of de listing

PetroVietnam Construction JSC at the risk of de-listing

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.