PetroVietnam has reported a profit of VND22.6 trillion ($1.1 billion) in the first eight months of this year, according to newly appointed general director Phung Dinh Thuc. Thuc said that revenues reached VND436 trillion, an increase of 47 per cent against last year, contributing VND109 trillion to the state budget. It is expected that PetroVietnam [...]
The Vietnam National Oil and Gas Group (PVN) exploited 15.64 million tonnes of oil and gas in the first eight months of the year. Oil output reached 9.64 million tonnes, making up 64 percent of the year’s target, while gas production stands at 6 billion cubic metres, representing 73 percent of the target for 2011. [...]
The Vietnam National Oil and Gas Group (PetroVietnam) has signed a cooperation agreement with the state-owned oil and gas company of Bolivia, YPFB, to study gas potential in the South American country. The Bolivia News Agency reported that the results of the study will lay a foundation for the partners to sign contracts on natural [...]
PetroVietnam is to be one of the nation’s leading groups, both inside and outside the country, with sharpened competitive edges and growth of up to 20 per cent a year, according to a five-year plan approved by the Prime Minister. The group aims to increase oil and gas reserves and petroleum exploration output by 35-40 [...]
The Vietnam National Oil and Gas Group (PVN) and its partner OAO Zarubeznhetf, a member of the Rusvietpetro joint venture company, has pumped the first oil from the Visovol oil field in the Nenets autonomous region of Russia. The Visovol oil field is located in Lot 2 of four lots of an oil and gas [...]
State oil and gas group Petrovietnam will establish a venture with a military firm under the defence ministry to produce ammonia that is expected to use natural gas from the disputed South China Sea as feedstock. The venture, 60% owned by Petrovietnam and 40% by the Hanoi-based General Army of Economic and Technology (Gaet), aims [...]
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