With an urgent timeline to put the plant into operation by 2030 or 2031, the project faces significant challenges and requires a shift to a more flexible, accelerated management approach.
A joint oil exploration and extraction project in Algeria, involving Vietnam’s Petrovietnam Exploration Production Corporation (PVEP), Algeria’s state-owned Sonatrach, and Thailand’s PTTEP, has entered its second phase, building on a track record of success.
Petrovietnam surpassed its planned targets in January, with several key indicators showing growth compared to December 2024.
This year Petrovietnam has achieved significant growth, marking a key point in its recovery following an unprecedented crisis from late 2014 to 2019.
The Vietnam Oil and Gas Group (Petrovietnam) is setting a double-digit growth target of over 10% for 2025.
Prime Minister Pham Minh Chinh on December 1 asked the Vietnam Oil and Gas Group (Petrovietnam) to accelerate technology transfer for wind turbine and blade production by 2026, ultimately achieving full technology mastery for offshore wind energy development.
Party General Secretary To Lam visited Malaysia’s national oil & gas company (Petronas) in Kuala Lumpur on November 22, part of his official visit to the country.
The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn 1 quadrillion VND (equivalent to 39.4 billion USD) in revenue this year.
The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn 1 quadrillion VND (39.4 billion USD) in revenue this year.
Prime Minister Pham Minh Chinh received General Director Kudryashov Sergei Ivanovich of Russian oil and gas company Zarubezhneft in Kazan on October 23 (local time) as part of his working trip to Russia to attend the expanded BRICS Summit.
A delegation of officials and experts from Gazprom visited Vietnam-Russia joint venture Vietsovpetro from September 26-27 as part of an annual cooperation training programme between the Russian gas giant and Vietnam Oil and Gas Group (Petrovietnam).
Member units of the Vietnam Oil and Gas Group (Petrovietnam) need to focus on enhancing professional competence and efficiency in governance and operation activities that will contribute to the national economy’s growth, Chairman of Petrovietnam’s Council of Members Le Manh Hung has said.
Fitch Ratings has rated Binh Son Refining and Petrochemical Joint Stock Company (BSR) as a Long-term Foreign- Currency Issuer Default Rating (IDR) of “BB+” with a stable outlook.
The Vietnam Oil and Gas Group (Petrovietnam) tops the list of ten strongest brands in Vietnam in 2024, selected by readers of Tap Chi Kinh Te Viet Nam / VnEconomy / Vietnam Economic Times.
During a working visit to the US, leaders from the Vietnam Oil and Gas Group (Petrovietnam) and the Petrovietnam Gas Joint Stock Corporation (PV GAS) held a meeting with executives of Texas-based Cheniere Energy Inc – one of the world’s largest suppliers of liquefied natural gas (LNG).
Chairman of the Board of Directors of the Vietnam Oil and Gas Group (Petrovietnam) Le Manh Hung has had a working session with leaders of Copenhagen Infrastructure Partners (CIP) - a global leader in renewable energy investments – within the framework of his recent visit to the US.
The Board of Members of the Vietnam National Oil and Gas Group (Petrovietnam) convened a meeting on September 20 to discuss development trends and update sustainable green fuel technology, thus putting forth future development orientations for the firm in this field.
The Vietnam Oil and Gas Group (Petrovietnam) will be responsible for the reconstruction of Kho Vang village residential area in Coc Lau commune, Bac Ha district, the northern mountainous province of Lao Cai, which was severely affected by a severe landslide caused by recent Typhoon Yagi.
The Vietnam Oil and Gas Group (Petrovietnam) enjoyed strong business expansion in the first eight months of this year thanks to the firm’s efforts to seek new solutions for expansion.