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Oil-gas & Petroleum

PVN exceeds yearly target

The Vietnam Oil and Gas Group (PVN) earned VND762.86 trillion in revenue last year, representing an annual increase of 18% and meeting the target 50 days ahead of schedule. PVN exploited 310 millionth of crude oil on August 8 and 90 billionth cu.m. of gas on October 24. It generated …

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Vietnam’s 500 largest firms announced

The Vietnam National Oil and Gas Group (PetroVietnam) once again tops the list of the 500 largest enterprises in 2013. The information was unveiled by the Vietnam Report Joint Stock Company (Vietnam Report) on December 2. According to the list of Vietnam’s top 500 largest enterprises (VNR500), Samsung Electronics Vietnam …

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Rosneft eyes Nhon Hoi Oil Refinery project

Igor Soglayev, General Director of the Russian Rosneft Oil and Gas Group’s Sarvors Company, has led a delegation on a fact-finding tour of Binh Dinh province’s Nhon Hoi Oil Refinery Project. At a November 1 working session with the project’s main contractor Petroleum Group of Thailand (PTT), Soglayev announced Rosneft’s …

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Petrolimex official admits profits fall short of target

Deputy General Director Tran Ngoc Nam told local press that profit from trading remained low for Viet Nam National Petroleum Corporation (Petrolimex). He attributed the low profit from domestic fuel trading to the Government’s target to curb inflation, stabilise the macro economy and ensure social security. The deputy general director …

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PetroVietnam revenue falls 4 percent

Total revenue of the Vietnam Oil and Gas Group (PetroVietnam) in the first seven months of the year is estimated to fall 4 percent year-on-year due to an oil price decrease of around US$8.8 per barrel. This information was reported by PetroVietnam’s Deputy General Director Nguyen Vu Truong Son during …

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