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PVN sets the target for "stable development" even when oil price falling to 30 USD / barrel

13:00 |11/06/2020

At the Party Congress of the Vietnam Oil and Gas Group (PVN) in 2020-2025 term, on June 9,2020, in Hanoi, Mr. Le Manh Hung - PVN General Director proposed a target to decrease ...

Why PVN can’t buy oil at “bottom price” for reserve?

14:50 |23/04/2020

According to Vietnam Oil and Gas Group (PVN), it is not feasible to buy oil with “bottom price” because we do not yet have mechanisms and policies on risks for this activity (buying oil at ...

Expand opportunities for importing crude oil for Dung Quat oil refinery

14:29 |17/09/2019

From September 9 to 12, 2019, the delegation of Binh Son Petrochemical Joint Stock Company (BSR) led by General Director Bui Minh Tien attended the 35th APPEC Conference in Singapore. This is an opportunity for ...

Petrovietnam has exceeded the crude oil exploration plan in 2018

08:34 |13/12/2018

At 7.00 on December 10, 2018, Petrovietnam (PVN) completed the 2018 crude oil exploitation plan with a production of 11.314 million tons.

Siemens equipment selected for billion-dollar crude flexibility project with ADNOC Refining in UAE

10:20 |15/11/2018

Siemens to supply 19 net-gas, off-gas and recycle gas compressors for crude flexibility project. The project will enable the refinery to process up to 420,000 barrels per day of offshore crude oil.

The nine solutions for Petrovietnam to complete the 2018 plan

09:50 |12/01/2018

In 2017, Petrovietnam (PVN) completed exceedingly the most assigned tasks and targets, especially exceeded the plan by production of 1.29 million tons of crude oil and budget payment of 22.9 thousand billion VND that has ...

Nghi Son Refinery received the first batch of crude oil

09:27 |23/08/2017

On August 22, 2017 Nghi Son Refinery and Petrochemical Limited Liability Company (RPLLC) received the first batch of Kuwait crude oil of 270 thousand ton (nearly 2 million barrels) from Millennium oil tanker. This crude ...

Tapping extra 1 mln tonnes of crude oil challenging

08:22 |20/07/2017

The government’s goal to extract an additional 1 million tonnes of crude oil by the year’s end to meet its economic growth target is very challenging, according to Chairman of the Vietnam Oil and Gas ...

The innovation of Dung Quat Refinery saves VND 226 billion per year

07:47 |23/05/2017

The Vietnam Union of Science and Technology Associations (VUSTA) announced the projects awarded with the “Vietnam Fund for Scientific and Technological Creations (VIFOTEC)” prize. Among the awarded projects there is the third prize ...

Oil exploitation exceeds Q1’s target

09:37 |24/03/2017

The Vietnam National Oil and Gas Group (PVN) produced about 6.45 million tonnes of crude oil in the first quarter of this year, exceeding its three-month plan by 5 percent.

A new Government Decree on Environmental Protective Fees in mining minerals

14:35 |05/01/2017

Vietnamese Government has issued new Decree on Environmental Protective Fees (EPFs) in mining minerals, according to which the EPF for: crude oil is 100,000 dong/ton, natural and coal gases - 50 dong/m3, associated gas ...

PVN has finished 2016 exploiting plan

10:13 |30/12/2016

On December 28, 2016, PVN implemented exploitation of 15,02 million ton of crude oil to remark finishing it’s 2016 exploiting plan.

Propose protection environmental fees for exploitation of crude oil, natural & coal gases and minerals

09:07 |18/10/2016

Ministry of Finance is drafting a Decree on protection environmental fees for exploitation of crude oil, natural & coal gases and minerals.

Vietsovpetro will exploit 5 million tons of oil in 2016

15:26 |13/08/2016

The 46th session of vietsovpetro joint venture council has recently finished successully witha target to fulfill crude oil exploitation plan of no less than 5,040 million tons in 2016.

Vietnam determines to expand the Dung Quat oil refinery Plant despite oil prices fall

16:23 |24/02/2016

At the working meeting with the key leaders of Quang Ngai province on Feb 22, President Truong Tan Sang affirmed: Although the crude oil prices in the world continue sharp fall, Vietnam still is determined ...

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