PetroVietnam

Latest News about PetroVietnam

Block 114 – bright spot in offshore explorationicon
BUSINESS31/07/20200

Block 114 – bright spot in offshore exploration

Block 114 is located in Song Hong Basin, offshore Vietnam’s northern continental shelf, about 65km from Quang Tri province, and 86km from Da Nang city in the central region.

 
Businesses report big losses, but pharmacies, food companies see profitsicon

Businesses report big losses, but pharmacies, food companies see profits

BUSINESS
13/05/2020

The Q1 finance reports released by enterprises in nearly all business fields, from manufacturing and real estate to aviation and oil and gas, show big losses. Large enterprises have reported huge losses of trillions of dong.

Vietnam warned of risks if it buys oil to storeicon

Vietnam warned of risks if it buys oil to store

BUSINESS
01/05/2020

Though domestic petroleum depots are full, the Vietnam Energy Association (VEA)
wants to buy oil to store.

Will Vietnam issue oil bonds?icon

Will Vietnam issue oil bonds?

BUSINESS
26/04/2020

Some experts have suggested issuing oil bonds to store oil and petroleum products as oil prices now are low.

Historic low oil prices hardly impact Viet Nam's economy at this timeicon

Historic low oil prices hardly impact Viet Nam's economy at this time

BUSINESS
23/04/2020

Oil may reach its lowest price in history this week but its impacts on the world economy and Viet Nam have been limited at this time when the COVID-19 pandemic is keeping people at home and transportation has been cut off.

Petroleum prices in Vietnam fall to 11-year lowicon

Petroleum prices in Vietnam fall to 11-year low

BUSINESS
16/04/2020

Petroleum prices in Vietnam were cut from Monday to the lowest level over the past 11 years.

VN petrol and oil giants lost billions of US dollars on plunging oilicon

VN petrol and oil giants lost billions of US dollars on plunging oil

BUSINESS
13/04/2020

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.

PVN proposes halt of petrol imports to support refineries amid tumbling domestic consumptionicon

PVN proposes halt of petrol imports to support refineries amid tumbling domestic consumption

BUSINESS
12/04/2020

PVN’s proposal was raised as sales of petrol and oil products in the domestic market slumped an estimated 30 per cent in the first quarter of this year. PVN also forecast bigger reductions in the coming months.

COCVID-19, price decline hit Vietnam’s oil industryicon

COCVID-19, price decline hit Vietnam’s oil industry

BUSINESS
03/04/2020

Vietnam’s crude oil and natural gas production face downside risks, in light of a double-whammy of global oil price collapse and sluggish demand due...

Nosediving oil price deals a blow to state budgeticon

Nosediving oil price deals a blow to state budget

BUSINESS
01/04/2020

Though the steep dive in global crude oil price will benefit domestic logistics and production, it will not be good for local petrol firms and the state budget.

PetroVietnam may buy crude oil to storeicon

PetroVietnam may buy crude oil to store

BUSINESS
01/04/2020

As Covid-19 has been escalating and the oil price has fallen, the national oil and gas group PetroVietnam is considering several possible scenarios, including mine closure. It is also considering buying crude oil to store.

Oil & gas sector bears double effects from Covid-19, oil price plungesicon

Oil & gas sector bears double effects from Covid-19, oil price plunges

BUSINESS
30/03/2020

With the oil price falling to $30-35 per barrel, the national oil and gas corporation PetroVietnam will lose $3 billion in revenue in 2020.

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

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

SOCIETY
17/02/2020

The Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of PetroVietnam on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC.

Oil and gas manufacturing affirms stuff in integrationicon

Oil and gas manufacturing affirms stuff in integration

BUSINESS
24/01/2020

The Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.

Vietnam-Russia cooperation in oil and gas: great opportunities aheadicon

Vietnam-Russia cooperation in oil and gas: great opportunities ahead

BUSINESS
20/01/2020

With the support of the two governments, Vietnam’s oil and gas industry is expected to continue developing strongly.

How wide will Vietnam open its petroleum distribution market?icon

How wide will Vietnam open its petroleum distribution market?

BUSINESS
10/01/2020

Experts believe that the opening of the petroleum distribution market at a certain level will help the market operate better.

PVN records revenue of $31.7b in 2019icon

PVN records revenue of $31.7b in 2019

BUSINESS
08/01/2020

The Viet Nam Oil and Gas Group (PVN) earned revenue of more than VND736 trillion (US$31.7 billion) in 2019, marking a year-on-year increase of 17 per cent.

Cuối năm, DN lớn chuyển tỷ USD vào ngân sách nhà nướcicon

Cuối năm, DN lớn chuyển tỷ USD vào ngân sách nhà nước

Tài chính
06/01/2020

Sự chuyển mình của các doanh nghiệp Nhà nước lớn trong vài năm gần đây cũng như những chính sách thoái vốn đã tạo ra một dòng tiền lớn chảy vào ngân sách nhà nước