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.
petrovietnam eager to capitalise on 2019

PetroVietnam eager to capitalise on 2019

Leading state-owned oil and gas group PetroVietnam and its key member units have closed 2019 with a bang, holding strong commitments to forge ahead sustainably in the coming year.
japanese gas firm buys 21 in pv low pressure gas

Japanese gas firm buys 21% in PV Low Pressure Gas

Japan-based firm Saibu Gas Co Ltd has become the large shareholder in PetroVietnam Low Pressure Gas JSC (PV GasD).
petrovietnam thanks partners at partnership meeting 2020

PetroVietnam thanks partners at Partnership Meeting 2020

CEO Le Manh Hung expressed deep gratitude to the partners who have been joining hands with PetroVietnam to obtain 2019 achievements.
vietnamese businesses join trade promotion event in russia

Vietnamese businesses join trade promotion event in Russia

Six Vietnamese businesses, including Vietnam Oil and Gas Group (PetroVietnam), participated in a trade promotion event in Russia’s Kaluga city on December 23-24.
oil and gas companies make an effort to build enterprise culture

Oil and gas companies make an effort to build enterprise culture

Building and consolidating the brand is now see as a compulsory mission and a part of the long-term development strategies of companies, including oil and gas companies.