The Vietnam National Oil and Gas Group (PetroVietnam) planned to sell a 49 percent stake of Dung Quat Oil Refinery, which is scheduled to begin operating on February 25, said its chairman Dinh La Thang on January 2.
The National Oil and Gas Group (PetroVietnam) reported a production output of 22.5 million tonnes of oil equivalent, including 15 million tonnes of condensate and 7.5 billion cu. m. of gas for 2008, down 5.7 percent from last year.
The Vietnam National Oil and Gas Group (PetroVietnam) is planning to build fertiliser warehouses and a network of distribution in the Mekong Delta city of Can Tho.
Vietnam Oil and Gas Group, known as PetroVietnam, has said the fall in crude oil prices on the global market would hurt its revenue from crude exports next year.
Vietnam is yet to open up its petrol, oil, medicine and print publication retail markets as of Jan 1, 2009, a senior government official said on Dec. 14.
The Vietnam-Russia Petroleum Joint Venture (Vietsovpetro) said it has fulfilled its 2008 exploitation plan one month ahead of schedule, with a total output of 7.1 million tonnes of crude oil.
The Dung Quat Oil Refinery yesterday received its first consignment of 80,000 tons of crude oil from the Bach Ho (White Tiger) oilfield in Ba Ria-Vung Tau Province.
The Vietnam National Oil and Gas Group (PetroVietnam) has announced that it will sell up to 30 percent of its shares in oil refineries to foreign partners that are ready and willing to supply crude oil to those plants on a long-term basis.
Hundreds of tonnes of diesel oil (DO) spilled over Long Tau river in Ho Chi Minh City when two ships collided outside the Sai Gon port on Nov. 26 evening.
Vietnam’s fourth-largest oilfield, the Su Tu Vang (Yellow Lion) oilfield, situated on lot 15-1 on a continental shelf off the central province of Binh Thuan, has officially commenced production.
PetroVietnam’s production arm PVEP said it plans to start commercial oil and gas production from three new fields near Su Tu Den, the country’s second largest field, in the next five years.
Deputy Prime Minister Hoang Trung Hai has urged the need to speed up the implementation of the Nghi Son petrochemical refinery project to contribute to controlling trade deficit.
Yesterday, October 06, the provincial People’s Committee held the conference “Protection of Petroleum Safety – Security” which presided over by Mr. Tran Ngoc Thoi -Vice Chairman of the provincial People’s Committee.
At the recent working session with Petroleum Technical Services Company (PTSC), with the participation of Deputy Prime Minister Hoang Trung Hai, President of Petrovietnam Dinh La Thang affirmed that PTSC is the main unit in PVN’s petroleum industry.
The Vietnam National Oil and Gas Group (PetroVietnam) on Sept. 29 decided to allocate 2 billion VND in emergency aid to support victims of typhoon Hagupit in northern provinces.
