US oil major considers selling petrol stations in Singapore
US-based oil major ExxonMobil is considering a sale of its petrol stations in Singapore, which can raise about 1 billion USD.
Foreign investors encouraged to invest in petroleum storage infrastructure
The Vietnamese Government has given green light to foreign investors to invest in developing oil and gas storage and supply infrastructure system, but they cannot participate in distributing, importing and exporting petroleum.
Petrolimex sets target of raising profit by 42% in 2023
The Vietnam National Petroleum Group (Petrolimex) aims to achieve a pre-tax profit of over 3.2 trillion VND (139.1 million USD) this year, up 42% annually.
Petrol prices in Cambodia forecast to continue falling
Petrol and diesel prices in Cambodia will continue to fall this year due to global tensions, Ministry of Commerce spokesman Seang Thay has said.
Thailand plans to increase oil palm price support measures
The Thai Government is planning to introduce more measures to shore up domestic oil palm prices on top of the price guarantee scheme.
Cleaner Euro 4 fuel hard to get
Duc Thuan of Hanoi’s Ha Dong district bought a car with a Euro 4 emission standard after specific regulations were issued for such models in Vietnam.
Vietnam’s PV OIL holds 20 percent of petroleum retail in Laos
Vietnam’s PetroVietnam Oil Corporation (PV OIL), is running profitably in Laos, earning an average revenue of over 100 million USD and contributing over 20 million USD to Laos’s budget a year.
HCM City to open 62 petrol stations on waterways
Of the 407 petrol stations to be opened in Ho Chi Minh City from now until 2030, 62 of them will be on boats on local waterways.