petrol

Petrol and oil imports increased until end of June 2023

December 06, 2022 | 09:35

The Ministry of Industry and Trade (MoIT) is making efforts to ensure the supply sources of petroleum products in the domestic market.

Allowing businesses more of a say in petrol price structure

November 03, 2022 | 09:00

Amid the current fluctuations of fuel prices, it is time to let businesses take care of price structuring themselves, while the state continues to monitor the market.

MoIT proposes 35 percent cap on foreign investment in petrol market

April 11, 2021 | 21:37

The Ministry of Industry and Trade (MoIT) has proposed a 35 percent cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.

MoIT proposes to loosen barriers for foreign players in oil and petrol trade

July 20, 2020 | 21:34

Once the proposal of the Ministry of Industry and Trade (MoIT) is approved, the petrol and oil trading scene may see more foreign players.

Gold and oil on the rise after drone attack in Saudi Arabia

September 19, 2019 | 11:51

Both gold and oil have been soaring since the attack on the Saudi Arabian oil field, with North Sea Brent Crude recording the strongest increase in 30 years.

E5 RON92 still flying under locals' radars

May 21, 2019 | 13:37

E5 RON92 petrol has performed rather poorly during the two years since its launch, despite the government’s efforts to narrow the price gap with RON95.

Gulf eager to develop $8 billion LNG complex in Ninh Thuan

March 23, 2019 | 15:40

Gulf Energy Development proposed to invest $7.8 billion in the Ca Na LNG project in Ninh Thuan province for the second time, showing its determination.

Need for cleaner air driving strong LNG demand growth

February 27, 2019 | 14:51

Strong demand for cleaner-burning fuel in Asia continued to drive the rapid growth in LNG use in 2018. Shell expects demand to reach 384 million tonnes in 2020.

Nghi Son refinery starts commercial operations in November

December 12, 2018 | 10:04

Nghi Son Petrochemical Refinery officially came into commercial operation on November 14, after more than four years of construction.

PetroVietnam flies over 11-month targets

December 10, 2018 | 21:07

In the first 11 months of 2018, PetroVietnam surpassed business targets, including profit, revenue as well as oil and gas production.

Shell wants to become LNG supplier for PetroVietnam

December 08, 2018 | 15:21

Shell expressed interest in becoming the LNG supplier of several PetroVietnam projects to reach deeper in the local market.

Petrolimex proposes replacing oil refinery with gas power project

November 26, 2018 | 09:41

Petrolimex has expressed its intention to return to South Van Phong oil refinery with a new project, only a short while after expressing intention to quit.