Vietnam National Oil and Gas Group (PetroVietnam-PVN) reported VND615 trillion revenues in the first eleven months of this year, Vu Quang Nam, PVN’s deputy general director said at the meeting with the Ministry of Industry and Trade (MoIT) on Dec 5. PVN expects to run VND650 trillion revenues by the end of the year, general [...]
Chim Sao field in Block 12W off the country’s southern coast will supply some 700,000 cubic meters of gas a day for power and urea producers and households in Phu My area, Ba Ria-Vung Tau Province following the signing of a deal. PetroVietnam Gas Corporation (PV Gas) on Tuesday struck a deal with ConocoPhillips Vietnam [...]
PetroVietnam Gas Joint Stock Corp (PVGas) has officially signed the contract for collecting, transporting, treating and managing the gas produced from Chim Sao oilfield with the owners of Nam Con Son pipelines. It was estimated that Chim Sao Oilfield would supply about 25,000 barrels and 700,000 cubic metres of gas each day or about 900,000 [...]
Government should not ask to immediately stop circulating A83 gasoline as price of A83 is low, suitable with the low-income consumers, petroleum enterprises told local newspaper Vnexpress. A83 gasoline was produced in Vietnam since 1995-1997, the demand for this type of gasoline is still high, focusing on students and low-income people, Dang Vinh Sang, general [...]
The HCM City Department of Industry and Trade on Monday suggested that those petrol stations found to have cheated consumers be suspended operation for six months or revoked business licenses. This was given in the department’s petition sent to the Ministry of Industry and Trade and the Ministry of Finance on Monday. Huynh Khanh Hiep, [...]
Natural gas reserves in mines around Vietnam, most notably those off the southeast coast, are likely to be completely depleted in the next ten years, state-run PetroVietnam Gas Corporation (PV Gas) has warned. The primary cause of this rapid exhaustion is the current overexploitation of gas for power and fertilizer production, a PV Gas representative [...]
The Ministry of Industry and Trade (MoIT) has sent official document to the Ministry of Finance (MoF) proposing to raise the commission for the petroleum agencies, the Mister of MoIT Vu Huy Hoang said at his ministry’s hand-over meeting on Dec 5. The proposal was made amid the petroleum wholesalers and agencies have suffered difficulties [...]
A83 gasoline should be banned from being domestically produced, Minister of Industry and Trade Vu Huy Hoang proposed at a meeting yesterday The proposal came after nearly a dozen fuel dealers in Ho Chi Minh City were caught selling substandard gasoline last week, most of which was made from mixing A83-grade gasoline with A92 or [...]
Russia’s TNK-BP, developing a gas project in Vietnam acquired from its major shareholder BP, has also bid for ConocoPhillips assets in the Asian country, TNK-BP’s head of upstream operations Alexander Dodds said on Monday. “We did put a bid in,” Dodds told a news briefing in response to a question. TNK-BP, a 50-50 joint venture [...]
Vietnam’s fuel market needs to be restructured to ease the dominance of Petrolimex, the top oil products distributor, says Finance minister Vuong Dinh Hue. “In the long term we need to think about reorganising the market by giving opportunities to other distributors,” Hue said in an interview published in the Vietnam Economic Times Saturday. Companies [...]
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