oil

Update news oil

Business wary of 2020 oil projections

While global oil supplies in 2019 were vulnerable, the fluctuations have not affected long-term petrol prices, yet business plans for some in the market in 2020 remain complicated.

Vietnam approves US$1.56 billion power projects using ExxonMobil-exploited gas

State-run Vietnam Electricity (EVN) will be the investor of the projects which are expected to be kicked off in early 2021.

PetroVietnam’s five outstanding hallmarks in 2018

 VietNamNet Bridge - Not only did they exceed the yearly production plan, PetroVietnam’s workers, with the intelligence and bravery of ‘people who seek fire’, gained great achievements in 2018.

Developing oil refinery projects no longer ‘fashionable’

VietNamNet Bridge - The trend of investing in oil refinery projects that began 10 years ago has met a dead end.

GDP growth rate for 2017 questioned by experts

The 6.81 percent GDP growth rate in 2017 has been announced by GSO (General Statistics Office), the only agency in Vietnam in charge of providing official statistics. However, leading experts question the figure.

Asia shares nudge up as G20 talks, oil holds gains

 Asian shares made guarded gains on Friday as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus.

Mining, oil and gas firms see high profits

 VietNamNet Bridge – As many as 359 companies on the Ha Noi Stock Exchange, 99.4 per cent of the total, have published their financial reports for the last quarter of 2014 before the deadline,

VN, Russia sign oil, gas exploration agreement

 Viet Nam and Russia have signed a Memorandum of Understanding (MoU) on the possibility of cooperating in a joint seismic research at Lots 125 and 126 in the Phu Khanh basin in Viet Nam's continental shelf.

President pushes for stronger Vietnam-Russia oil cooperation

 Russia’s energy company Gazprom should work closely with the Vietnam Oil and Gas Group (PetroVietnam) to speed up joint projects, says President Truong Tan Sang.

Petroleum enterprises “pair off” with finance ministry

 VietNamNet Bridge – Petroleum enterprises, which are in the state of “willing speech but unwilling heart”, have decided to claim back hundreds of billions of dong worth of tax they paid before.

Dong Thap: Director arrested for smuggling nearly 6,000 tons of oil

 VietNamNet Bridge - Nguyen The Dung, chairman and CEO of the State-owned Dong Thap Oil and Gas Trading Company (Petimex) was arrested on August 27 for investigation of smuggling.

Investment capital in Vung Ro Oil Refinery rises to $3.2 billion

 VietNamNet Bridge - On July 1, Chairman of Phu Yen Province signed the adjusted investment certificate for the Vung Ro oil refinery project, which will be kicked off in the third quarter of this year.