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 $6.13 billion and $521.74 million this year due to the dropping oil price and the COVID-19 health crisis.
Petrolimex and JXTG Nippon Oil & Energy co-operate on LNG project

Petrolimex and JXTG Nippon Oil & Energy co-operate on LNG project

Petrolimex and JXTG Nippon Oil & Energy will pour investment into producing liquefied natural gas (LNG), an area where JXTG has substantial experience.
Petrolimex proposes replacing oil refinery with gas power project

Petrolimex proposes replacing oil refinery with gas power project

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.
JX Nippon to receive sweet fruits from Petrolimex

JX Nippon to receive sweet fruits from Petrolimex

For its 8 per cent shareholding in Petrolimex, JX Nippon Oil & Energy will receive $13.48 million in dividend.
PG Bank skips 2017 dividend

PG Bank skips 2017 dividend

PG Bank had to set aside a provision of $17 million in 2017, which left little for dividend. Will the merger with HDBank improve PG Bank's business?
Petrolimex issues plan for PG Bank-HDBank merger

Petrolimex issues plan for PG Bank-HDBank merger

Vietnam National Petroleum Group (Petrolimex) has built specific plans for the HDBank-PG Bank merger to submit to the Ministry of Industry and Trade (MoIT).
JX Nippon Oil may see reduced dividends from Petrolimex

JX Nippon Oil may see reduced dividends from Petrolimex

JX Nippon Oil may receive less dividend from Petrolimex this year due to downward revisions in the firm’s audited financial statement.
Petrolimex and PV Oil oppose Saigon Petro's wish to return to RON A92

Petrolimex and PV Oil oppose Saigon Petro's wish to return to RON A92

Petrolimex and PV Oil disagree with Saigon Petro Co., Ltd.'s proposal to return to selling RON A92 petrol after reporting low bio-fuel E5 sales.
Petrolimex and Indian Oil officially enter race for Binh Son Refinery

Petrolimex and Indian Oil officially enter race for Binh Son Refinery

Petrolimex and Indian Oil have officially submitted the application to become strategic investors of BSR.
Ten divestments in spotlight for 2018

Ten divestments in spotlight for 2018

After 2017’s significant state capital divestment deals, the Vietnamese market is expected to see some of the most anticipated sales in 2018.
Petrolimex speeds up restructuring

Petrolimex speeds up restructuring

The Vietnam National Petroleum Group (Petrolimex) has set up a corporation which will focus on waterway transport under its restructuring plan.
Petrolimex in the spotlight

Petrolimex in the spotlight

Petrolimex is on the State Audit’s radar screen.
Ministries differ on state of fuel distributors

Ministries differ on state of fuel distributors

The Ministers of Finance and Industry and Trade brought intrigue to the Q&A session at the ongoing National Assembly meeting yesterday, given their different information on the financial state of the fuel trading sector.
Petrolimex defends itself from profiteering claims

Petrolimex defends itself from profiteering claims

After the negative reaction to its healthy financial report, the state-owned Vietnam National Petroleum Corp (Petrolimex) has gone on the record to defend its profits.
Petrolimex ‘suddenly’ makes profit prior to IPO

Petrolimex ‘suddenly’ makes profit prior to IPO

In its latest financial report, the Vietnam National Petroleum Corporation, or Petrolimex, posted a whopping profit of VND913 billion ($46.555 million) in 2008, taking the public by surprise as it was also in 2008 that the giant state firm reported a loss of over VND10 billion.
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