Song Da Petro Investment and Trading Joint Stock Co (coded SDP) has lately signed a contract with Binh Son Oil Refinery One-member Co Ltd for comprehensive cooperation relationship between the two parties In details, the concerning parties committed to cooperate comprehensively in improving the qualification, sharing experience and supporting each other in financial issues. The [...]
A crude oil tanker from Azerbaijan arrived at Viet Thanh bay on August 11 to supply raw materials for the Dung Quat oil refinery in the central province of Quang Ngai. It is the first shipment under a deal signed by the Vietnam Oil and Gas Group (PetroVietnam) with the SOCAR Company of Azerbaijan and [...]
Deputy Prime Minister Hoang Trung Hai officially ratified the plans to raise the annual capacity of Dung Quat Oil Refinery from 6.5 million tonnes of oil to 10 million tonnes. The plans were drawn in tandem with the refinery’s investor, Viet Nam National Oil and Gas Group (PetroVietnam). The new plans were agreed upon by [...]
The PetroVietnam Exploration and Production Corporation (PVEP) expected to extract the first oil from its largest project yet – the Block Junin 2 in Venezuela in 2012, the corporation chairman Tran Duc Chinh said at press conference in Ha Noi yesterday. The $4.8 billion project, the highest valued PVEP investment yet, also includes investment from [...]
Oil rigs in the offshore Su Tu Den Dong Bac (Northeast Black Lion) oil field in the waters off southern Ba Ria – Vung Tau Province completed a successful trial run after 10 days of operation. The rigs produced 22,000 barrels of oil per day, which effectively expanded the production capacity of the national oil [...]
The country’s first oil refinery plant, Dung Quat, has so far processed over 3.3 million tonnes of crude poil and sold 2.63 million tonnes of products on the market. According to the main contractor Technip Consortium (TPC), by the end of April, the plant basically ran at its full capacity. Deputy Prime Minister Hoang Trung [...]
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